Sunday, 28 December 2014
Last updated 3 days ago
Nov 14 2006 | 9:12am ET
In a move that illustrates the trend toward mergers and acquisitions of asset management firms, private equity firm Circle Peak Capital on Monday announced the acquisition and recapitalization of WealthTrust, Inc, a Nashville, Tenn.-based wealth management firm. Terms of the deal were not disclosed.
“As our industry continues to undergo major shifts in product and service offerings, consolidation and institutionalization, our team and managers are confident that WealthTrust’s unique platform, talented managers, and value-added capabilities position us well to serve our wealthy investor client base,” said WealthTrust Chief Executive Officer M. Rush Benton.
New York-headquartered Circle Peak Capital partnered with management in the transaction, and junior capital provider Falcon Investment Advisors.
WealthTrust, a subsidiary of Morgan Keegan & Co. and Regions Financial Corporation, employs 125 people and provides wealth management services to high-net-worth families, individuals and institutions.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.