LGT to acquire Crestone Wealth Management for $338m.

LGT, an investment manager, agreed to acquire Crestone Wealth Management, a wealth management firm, for $338m. “The envisaged transaction would enable us to deliver greater scale benefits to our clients whilst drawing on the experience, skills, and global insights of a leading wealth management firm like LGT. We believe that LGT is a natural long-term owner for our business that will provide us with further balance sheet strength while retaining the benefits of a private ownership structure that aligns with our client focused business model," Michael Chisholm, Crestone CEO.