Saturday, 25 October 2014
Last updated 1 day 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.