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 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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April 29, 2020

ORIX Corporation to Sell Mariner Investment Group to Management

On April 23, 2020, it was announced that ORIX Corporation USA will sell Mariner Investment Group, LLC to Mariner’s management. Under the terms of the transaction, ORIX Corporation USA (“ORIX USA”) will sell Mariner Investment Group, LLC (“Mariner”) to Curtis Arledge, Mariner Chairman and Chief Executive Officer, William Michaelcheck, Mariner…

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April 27, 2020

Anchorage Capital Group to Acquire Garrison Investment Group

Under the terms of the transaction, Anchorage Capital Group, L.L.C. (“Anchorage”) will acquire Garrison Investment Group (“Garrison”). Anchorage will own the management contracts for three portfolios of collateralized loan obligations. Further terms of the deal were not disclosed. Anchorage, based in New York, is a registered investment advisor consisting of…

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April 22, 2020

Titan Advisors to Manage Alternative Investment Group Funds

On April 16, 2020, it was announced that Titan Advisors will manage several of Alternative Investment Group’s funds.

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April 17, 2020

Canoe Financial to Acquire Fiera Investments Mutual Funds

On April 9, 2020, Canoe Financial LP announced that it will acquire the managing rights to Fiera Investments LP’s mutual funds.

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