September 17, 2012

AFH Financial Acquires Elgar

On September 13, 2012, ftadviser.com reported that wealth management firm AFH Financial Group had purchased competitor Elgar Financial for £120,000.

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September 14, 2012

Investec Makes Williams de Broë Acquisition

On September 12, 2012, FT Adviser reported that Investec Wealth and Investment had acquired the employees and client accounts of Williams de Broë, bringing assets under management to approximately £20 billion.

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September 14, 2012

BNY Wealth Management Subsidiaries to Merge

On September 14, 2012, citywire.co.uk reported that BNY Mellon will combine two of its subsidiaries, Insight Investment Management and Pareto Investment Management to create a £200 billion investment management firm.

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September 14, 2012

Ashmore Buys Aviva’s Stake in China JV

On September 12, 2012, Financial News reported that emerging markets fund manager Ashmore Investment Management had purchased Aviva Investors’ 49% stake in a prospective asset management joint venture with China Central Securities.

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September 7, 2012

Principal Investment Management Acquires Iain Nicholson IM

On September 5, 2012, insidermedia.com reported that U.K.-based Principal Holdings, the parent company of Principal Investment Management, had purchased Iain Nicholson Investment Management. 

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September 7, 2012

Buckingham Asset Management and Founders Financial to Merge

On September 6, 2012, Focus Financial Partners announced that Founders Financial Network had agreed to merge into Buckingham Asset Management.

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September 5, 2012

Freeman Reports on Asset Management M&A Activity & Forecasts

On August 14, 2012, Freeman & Co. LLC issued its report on mergers and acquisitions activity and forecasts in the asset management industry for 2012 and 2013.

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September 5, 2012

MassMutual to Acquire The Hartford’s Retirement Plans Business

On September 4, 2012, Massachusetts Mutual Life Insurance Company announced that it had entered into a definitive agreement to purchase The Hartford’s Retirement Plans business for $400 million, subject to adjustment at closing. 

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September 5, 2012

Virtus Investment Partners to Acquire Rampart

On September 4, 2012, Virtus Investment Partners, Inc. (NASDAQ: VRTS), a multi-manager asset management business, announced that it will acquire registered investment advisor Rampart Investment Management.

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September 5, 2012

KPMG Investment Management M&A Monthly

KPMG published the July 2012 edition of its Investment Management M&A Monthly report on activity and news relating to investment manager M&A. To read this publication, please click here.

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