Global private markets investment firm creates wealth unit
Operation already has $37bn in assets under management
Operation already has $37bn in assets under management
Geoff Cook looks at regulatory and tax frameworks in Europe and US wealth sectors
Deals increase AuA to over £1.1bn
IFA firm is eyeing more deals and has a ‘number of interesting conversations progressing at the moment’
This follows the private equity firm’s investment in platform Parmenion in 2021
To serve the increasing number of high net worth individuals in the region
Funding will ‘take the business to the next level’
Management team will retain a ‘significant minority stake’
Investment will be used to enhance ESG credentials
It is currently owned by US firm Oaktree Capital Management, which bought Sanlam UK in 2021
With passive strategies commoditising the market, traditional asset managers are joining the party
It will be available to UHNW investors in the country