iM Global Partner to acquire Litman Gregory.

iM Global Partner, a Paris, France-based owner of asset management firms internationally that currently manages about $20bn, agreed to acquire Litman Gregory Asset Management, a Walnut Creek, California-based wealth and asset management firm that manages and oversees $6.2bn in assets. Financial terms were not disclosed. “iM Global Partner brings complementary global research resources and strong alignment on total client focus. The combination of our organizations is a natural fit because of our shared research DNA, commitment to independent thinking, integrity and total client focus,” Steve Savage, Litman Gregory CEO.