On August 9, 2024, Abacus Life, Inc. announced that it will acquire FCF Advisors LLC.
Abacus Life, Inc. (“Abacus Life”), on August 9, 2024, announced that it entered into an agreement to acquire FCF Advisors LLC (“FCF”). The deal expects to close in the fourth quarter of 2024. Under the terms of the transaction, FCF will become part of Abacus Life’s wealth division, ABL Wealth. Further terms of the transaction were not disclosed.
Abacus Life (NASDAQ: ABL), based in Orlando, Florida, is a publicly traded alternative asset manager specializing in insurance products. Abacus Life has over $37 billion in assets under management.
FCF, based in New York City, is an asset manager providing financial planning services using free cash flow analysis. FCF has approximately $600 million in assets under management.
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