GeoWealth Acquires First Ascent Asset Management


April 12, 2023

On March 23, 2023, GeoWealth announced the acquisition of First Ascent Asset Management.

Under the terms of the agreement, GeoWealth has acquired all the assets First Ascent Asset Management (“First Ascent”). First Ascent will operate as a subsidiary of GeoWealth, with the entire First Ascent team staying in place. Financial terms were not disclosed.

GeoWealth, based in Chicago, is a proprietary turnkey asset management platform offering a range of services to advisors including performance reporting, portfolio accounting and billing. With the acquisition of First Ascent, GeoWealth now has $21 billion in platform assets.

First Ascent, based in Denver, is a registered investment advisor.

To read the press release: please click here.

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