iM Global Partner has acquired US wealth and asset management boutique Litman Gregory, adding $4bn in AUM to the group and marking its first foray into wealth management.
The 100% acquisition, which is subject to regulatory approval, takes group AUM to more than $24bn and bolsters its US distribution capabilities. Oyster range bolstered with fixed income launch Founded by Ken Gregory and Craig Litman in 1987 and based in San Francisco, Litman Gregory provides independent asset management services, in-depth investment research, and personalised wealth management to individuals and families. Since 1996, Litman Gregory has developed a broad range of US mutual funds. Speaking to Investment Week, iM Global Partner founder and executive chair Philippe Cou...
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