New York P.E. Firm Acquires Wealth Management Biz

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. 


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

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.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.