In an unusual merger arrangement, The Tiedemann Group, a New York-based investment and wealth management firm, and Alvarium Investments Limited, a Miami-based registered investment adviser, have entered into an agreement to combine with Cartesian Growth Corp. to form Alvarium Tiedemann Holdings.
Cartesian is a special purpose acquisition company listed on Nasdaq.
The transaction is expected to close in the first quarter of 2022, with the new company headquartered in New York. Michael Tiedemann will be CEO of the new company, which expects to have $54 billion in combined assets under management and advisement, with offices in 11 countries and 25 cities. The stock will trade under the ticker GLBL.
Both firms said in a statement that they are committed to continuing their values-aligned investing approaches and “seek to create an unquestioned leader in gender balance and diversity within the financial services sector.”
President meets with ‘highly overrated globalist’ at the White House.
A new proposal could end the ban on promoting client reviews in states like California and Connecticut, giving state-registered advisors a level playing field with their SEC-registered peers.
Morningstar research data show improved retirement trajectories for self-directors and allocators placed in managed accounts.
Some in the industry say that more UBS financial advisors this year will be heading for the exits.
The Wall Street giant has blasted data middlemen as digital freeloaders, but tech firms and consumer advocates are pushing back.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
