October 31, 2013

RCS Acquires Investors Capital Holdings

On October 27, 2013 Investors Capital Holdings (NYSE: ICH) announced that it had agreed to be acquired by RCS Capital Corporation (NYSE: RCAP) for approximately $52.5 million in a cash and stock deal.

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October 30, 2013

Bellpenny Acquires £100 Million in Client Assets From Spofforths

On October 24, 2013, MoneyMarketing reported that Bellpenny had acquired £100 million in client funds under management from Spofforths Financial Planning.

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October 30, 2013

Virtus Investment Partners and Cliffwater Announce Partnership

On October 28, 2013, Virtus Investment Partners (NASDAQ: VRTS) and Cliffwater LLC announced the establishment of a new partnership, Cliffwater Investments LLC, an investment advisor that will sub-advise three new multi-strategy, multi-manager alternative mutual funds for retail investors.

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October 23, 2013

Beverly Hills Wealth Management Acquires McComsey

On September 25, 2013 investmentnews.com reported that Beverly Hills Wealth Management had acquired McComsey Asset Management LLC, increasing its assets under management by approximately $29 million.

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October 23, 2013

KKR to Acquire Avoca Capital

On October 18, 2013 KKR & Co. L.P. (NYSE: KKR) announced that it will acquire European credit investment manager Avoca Capital.

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October 23, 2013

Liontrust to Acquire North Investment Partners

On October 15, 2013 stockmarketwire.com reported that Liontrust Asset Management (LON: LIO) had agreed to acquire North Investment Partners, to be led by multi-asset fund manager John Husselbee.

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October 23, 2013

Former Bain Capital Executives Launch L-GAM

On October 11, 2013 hedgeweek.com reported that former senior executives at Bain Capital have partnered with the Princely Family of Liechtenstein to launch a new investment company, L-GAM.

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October 23, 2013

Goldman Sachs to Acquire RBS Money Market Funds

On October 21, 2013 Goldman Sachs Asset Management announced that it will acquire the Global Treasury Funds managed by RBS Asset Management.

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October 21, 2013

Asset Management Buyers Are Finding a Focal Point

This October 17, 2013 article by Joe Mantone in SNLFinancial comments on banks and other buyers who are taking a focused approach when it comes to asset manager M&A, leading to smaller transactions in the sector. To read this publication, please click here.

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October 21, 2013

Stifel to Acquire Ziegler Lotsoff Capital Management

On October 16, 2013, Stifel Financial Corp. (NYSE: SF) announced that it had agreed to acquire Chicago and Milwaukee-based Ziegler Lotsoff Capital Management.

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