Announced
Completed
Financials
Tags
tax management services
investment strategy
Minority
estate planning
Single Bidder
wealth management
Private
Completed
United States
Friendly
Diversified Financials
Private Equity
asset management
Acquisition
Domestic
Synopsis
Altamont Capital, a private equity firm, completed the acquisition of a minority stake in Cornerstone Advisors, a provider of advisory services to banking institutions. Financial terms were not disclosed. "We are very excited about this investment and believe that it positions Cornerstone very well for the future. With Altamont's resources, we are better suited to capitalize on attractive growth opportunities while continuing to provide our clients with the superior solutions and customer experience that they have come to expect," Scott Sommer, Cornerstone CEO.
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