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Stock impact report

Creative Planning Has Agreed to Buy UK-Based RIA Maseco, Sources Say [Yahoo! Finance]

Houlihan Lokey, Inc. Class A (HLI) 
Last houlihan lokey, inc. class a earnings: 2/3 04:15 pm Check Earnings Report
US:NYSE Investor Relations: hl.com/us/pressreleases.aspx
Company Research Source: Yahoo! Finance
Creative Planning has signed an agreement to acquire a United Kingdom-based financial advisory firm with $4.8 billion in assets under management, according to sources with knowledge of the deal. Maseco Private Wealth, based in London, has clients in the U.K. and U.S., and specializes in working with expatriates from both countries. The U.K. firm worked with investment bank Houlihan Lokey on the sale process among U.S.-based RIAs. A handful showed interest, with Creative Planning ultimately signing a purchase agreement, according to sources. Neither Creative Planning nor Maseco responded to a request for comment. Houlihan Lokey declined to comment. If an acquisition goes ahead, it will give Creative Planning a footprint in the U.K. market with a firm that also has experience in the wealth sector in the U.S. The Overland Park, Kan.-based Creative Planning has an international division that serves U.S. citizens living abroad in over 90 countries. Maseco Private Wealth was founde Show less Read more
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