On January 15, 2025, FJ Management, Inc. announced that it acquired a 20% minority stake in Balentine Wealth Advisors.
FJ Management, Inc. (“FJM”) announced, on January 15, 2025, that it acquired a 20% minority stake in Balentine Wealth Advisors (“Balentine”), in a transaction that closed on December 31, 2024. Under the terms of the transaction, Balentine will continue to operate as an independent entity under its current leadership and FJM will hold one of five seats on Balentine’s board. Further terms of the deal were not disclosed.
FJM, based in Salt Lake City, Utah, is a privately holding company that manages a portfolio of petroleum, healthcare, and hospitality-related assets.
Balentine, based in Atlanta, is a registered investment advisor offering comprehensive wealth management services for entrepreneurs and business owners, multi-family office services for families, and global asset allocation strategies for institutions. As of January 2025, Balentine managed approximately $8 billion in client assets.
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