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AMG to Invest in Wealth Management Venture

AFFILIATED MANAGERS GROUP (AMG)  More Company Research Source: GlobeNewswire
Last affiliated managers group earnings: 4/30 07:45 am Check Earnings Report
US:NYSE Investor Relations: ir.amg.com
PDF WEST PALM BEACH, Fla., July 10, 2017 (GLOBE NEWSWIRE) -- Affiliated Managers Group, Inc. (NYSE:AMG), a global asset management company, announced that it has acquired a minority equity interest in Wealth Partners Capital Group, LLC (“WPCG”), a new venture which will invest, through partner firms, in smaller wealth management firms in need of operational infrastructure, with a ‘hub-and-spoke’ investment model giving the firms access to centralized support. As part of the investment in WPCG, AMG contributed its minority interest in Forbes Family Trust (“FFT”) to WPCG, effective June 30, 2017. John Copeland, most recently President of AMG Wealth Partners, has stepped down to launch WPCG. With its existing wealth management Affiliates along with its investment in WPCG, AMG will continue to execute its strategy of selectively investing in leading large-scale independent wealth management firms seeking succession planning solutions. Managing approximately $40 billion in aggregate, AMG’s [Read more]

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