On July 25, 2023, SteelPeak Wealth, which is backed by Seward & Kissel client Emigrant Partners, announced that it acquired Key Asset Advisors and Key Investment Team.
Under the terms of the transaction, SteelPeak Wealth (“SteelPeak”) acquired Key Asset Advisors and Key Investment Team. Robert Venezia, founder of both Key Asset Advisors and Key Investment Team, will lead SteelPeak’s new Las Vegas office. Financial terms were not disclosed.
SteelPeak, based in Los Angeles, is a registered investment management company that offers wealth and estate planning with tax planning services for high-net-worth individuals, families and institutions. SteelPeak has $2.5 billion in assets under management.
Key Investment Team, based in Westlake Village, California, is a registered investment advisor that offers asset allocation portfolios to individuals in California. Key Asset Advisors, also based in Westlake Village, California, is a registered investment advisor that offers asset allocation portfolios to individuals outside of California. Together, Key Investment Team and Key Asset Management have $100 million in assets under management.
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