GLASfunds Acquires Fund Formation Group
On September 7, 2023, GlASfunds announced the acquisition of Fund Formation Group
Under the terms of the transaction, GLASfunds will acquire Fund Formation Group (“FFP”) in a deal expected to close next month, subject to customary closing conditions. Further terms of the deal were not disclosed.
GLASfunds, based in Cleveland, is a turnkey asset management platform partially owned by CI Financial. As of March, GLASfunds has $1.6 billion in assets under management.
FFG, based in Dallas, Texas, is a firm that assists registered investment advisors with fund formation and management.
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