May 29, 2020

M&G Acquires Ascentric from Royal London

On May 27, 2020, Royal London announced that it had sold Ascentric to M&G plc. Pursuant to the agreement, M&G plc (“M&G”) will acquire the platform business, Ascentric, from Royal London. Ascentric is a digital wrap and wealth management platform for advisers with £14 billion in assets under administration. The…

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May 18, 2020

Franklin Templeton Acquires AdvisorEngine

On May 6, 2020, Franklin Resources, Inc. announced that it had acquired AdvisorEngine, Inc. Pursuant to the agreement, Franklin Resources, Inc., which operates under the name Franklin Templeton (“Franklin Templeton”) has acquired AdvisorEngine, Inc. (“AdvisorEngine”). Terms of the deal were not disclosed. AdvisorEngine is a technology provider and consultant and…

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May 11, 2020

Emigrant Partners Acquires Minority Interest in Parallel Advisors

On May 4, 2020, Seward & Kissel client Emigrant Partners, LLC announced that it had made a minority investment in Parallel Advisors, LLC.

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May 11, 2020

Berkshire Global Advisors: May 2020 Perspectives Publication

Berkshire Global Advisors issued a Perspectives Publication for May 2020 entitled “Asset Managers Confront Another Crisis” which presents expectations and thoughts on industry activity post-COVID 19. To read the report: please click here.

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May 6, 2020

Investcorp and Tages Group Form Joint Venture

On May 6, 2020, Investcorp and Tages Group announced an agreement to create a 50/50 joint venture by merging absolute return businesses.

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May 4, 2020

LPL Financial to Acquire Lucia Securities

On April 28, 2020, LPL Financial LLC announced that it had entered into an agreement to acquire Lucia Securities, LLC. Pursuant to the terms of the agreement, LPL Financial LLC (“LPL”), a subsidiary of LPL Financial Holdings Inc., will purchase the assets of Lucia Securities, LLC (“Lucia Securities”). The deal…

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May 1, 2020

Stonehage Fleming Acquires Cavendish Investment Management Activities

On April 23, 2020, Stonehage Fleming announced an agreement to acquire the investment management activities of Cavendish Asset Management. Under the terms of the transaction, Stonehage Fleming (“Stonehage”) will acquire the investment management activities of Cavendish Asset Management (“Cavendish”). Stonehage Fleming Investment Management will assume management of Cavendish’s four OEIC…

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