On August 2, 2023, Seward & Kissel client Litman Gregory Wealth Management, a subsidiary of iM Global Partner SAS, announced that it had acquired the private client business of Wedgewood Partners Inc.
Under the terms of the agreement, Litman Gregory Wealth Management (“Litman Gregory”) acquired the private client business of Wedgewood Partners Inc. (“Wedgewood”). Terms of the deal were not disclosed.
Litman Gregory, based in San Francisco, is a wealth and asset management boutique specializing in high-touch wealth and asset management services to individuals, multi-generational families, and nonprofits. Litman Gregory has approximately $2 billion in assets under management and is a subsidiary of global asset management network iM Global Partner SAS. A Seward & Kissel team led by partners Jim Abbott, Anne Patin and Jim Cofer, and associates Eric Buchanan and Elyse Moy represented Litman Gregory in connection with the transaction.
Wedgewood, based in St. Louis, MO, is a registered investment adviser that provides wealth management services to high net worth individuals, foundations, charities, and pension plans. Wedgewood has approximately $275 million of private client assets under management. Raymond James acted as financial advisor to Wedgewood in connection with the transaction.
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