Done deal: Mutual Fund Store sells stake to Warburg Pincus
The Mutual Fund Store, one of the largest RIA firms in the industry, has inked a deal to sell a controlling stake in its business to private equity firm Warburg Pincus. The announcement comes one month after InvestmentNews first reported that a deal for the RIA was in the works, which founder Adam Bold (pictured) denied at the time.
Despite earlier denials from management, the Mutual Fund Store, one of the largest fee-only registered investment advisory firms in the industry, has inked a deal to sell a controlling stake in its business to private equity firm Warburg Pincus.
The deal comes one month after InvestmentNews first r
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