On December 15, 2021, Liechtenstein Global Trust announced it will acquire Crestone Wealth Management.
Pursuant to the agreement, Liechtenstein Global Trust (“LGT”) will acquire Crestone Wealth Management (“Crestone Wealth”). The transaction, subject to Crestone Wealth shareholder approval and regulatory approvals, is expected to close in the first quarter of 2022. Further terms of the deal were not disclosed.
LGT, based in Liechtenstein, is an international private banking and asset management group controlled by the Liechtenstein Princely Family. As of June 30, 2021, LGT managed approximately $297 billion in assets.
Crestone Wealth, based in Australia, is a wealth management firm offering services to not-for-profit organizations, high-net-worth clients and family offices, and financial institutions in the Australian market. As of November 30, 2021, Crestone Wealth managed approximately $18 billion in assets.
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