LGT Crestone to acquire the personal advice business of Commonwealth Bank of Australia.

LGT Crestone, a family-owned wealth management firms, agreed to acquire the personal advice business of Commonwealth Bank of Australia, a financial services company. Financial terms were not disclosed. “We are delighted CBA has chosen LGT Crestone as the trusted home for their highly valued high net worth and ultra-high net worth clients and employees. It’s a terrific validation of our efforts to build a truly outstanding private wealth advice business catering to the needs of the most sophisticated investors in Australia," Michael Chisholm, LGT Crestone CEO.