BNY Mellon to purchase Atherton Lane Advisors

January 29, 2016

On January 20, 2016, BNY Mellon announced a definitive agreement to purchase the assets of Atherton Lane Advisors, LLC, an investment manager located in Menlo Park, California.


As a result of the transaction, Atherton Lane Advisors, LLC (“Atherton”) will join BNY Mellon’s Wealth Management division. Terms of the deal were not disclosed. It is expected to close in the beginning of the second quarter of 2016.

BNY Mellon is a global investment company with institutional, corporate and individual investors. It offers investment management services in 35 countries and more than 100 markets. As of September 2015, BNY Mellon had $1.6 trillion in assets under management.

Atherton is an independent Registered Investment Advisor that focuses on wealth management and investment counseling for private clients. Founded in 2005, it has $2.7 billion in assets under management.

Berkshire Capital is acting as financial advisor to Atherton in connection with the transaction.

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Categories

Investment Manager M&A, Transactions