iM Global Partner has acquired US wealth and asset management boutique Litman Gregory, adding £4bn in AUM to the group and marking its first foray into wealth management.
The 100% acquisition, which is subject to regulatory approval, takes group AUM to more than $24bn and bolsters its US distribution capabilities. Founded by Ken Gregory and Craig Litman in 1987 and based in San Francisco, Litman Gregory provides independent asset management services, in-depth investment research, and personalised wealth management to individuals and families. Since 1996, Litman Gregory has developed a broad range of US mutual funds. Speaking to Investment Week, iM Global Partner founder and executive chair Philippe Couvrecelle highlighted the acquisition of the Oyster ...
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