On August 28, 2018, Kovitz Investment Group announced it had entered into a definitive agreement to acquire AFAM Capital.
Under the terms of the deal, AFAM Capital (“AFAM”) will join Kovitz Investment Group (“Kovitz”). The AFAM investment team, led by John Buckingham, will remain intact. Silver Lane Advisors acted as financial advisor to AFAM. Further terms of the deal were not disclosed. The transaction is expected to close in the fourth quarter of 2018 subject to customary closing conditions.
Kovitz is a Chicago-based investment manager which provides investment and wealth management solutions to high net worth individuals, institutions and private funds. Kovitz is part of Focus Financial Partners, a partnership of wealth management firms.
AFAM is an investment management firm which provides separate account strategies, mutual funds, and an investment newsletter, “The Prudent Speculator,” to its individual investors, institutions, and advisors across the country.
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