Announced
Financials
Tags
Private
Majority
Friendly
fiduciary wealth management
United States
Pending
Domestic
Asset Managers and Custodians
Acquisition
Single Bidder
Synopsis
NFP-backed Wealthspire Advisors, an independent investment adviser, agreed to acquire Private Ocean, a fiduciary wealth management firm. Financial terms were not disclosed. "This is a fantastic opportunity for Wealthspire. The Private Ocean team, led by innovative leader Greg Friedman, shares our commitment to delivering great outcomes for clients, and their vision and culture are a natural fit with Wealthspire. This is a significant way to plant a flag on the West Coast and demonstrate our growing national scope," Mike LaMena, Wealthspire CEO.
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