Affiliated Managers Group acquired myCIO Wealth Partners, a transaction completed in October 2015, structured as cash (terms not disclosed). The deal was a Majority-stake investment.
myCIO Wealth Partners operates in Wealth management, is based in Philadelphia, PA. On October 1, 2015 AMG completed a majority investment in myCIO Wealth Partners, LLC, a wealth management firm.
Consistent with AMG's partnership model, the Affiliate's management retains equity and operating autonomy while AMG provides permanent capital, global distribution and strategic resources.
myCIO Wealth Partners, LLC on October 1, 2015Affiliated Managers Group, FY2015 Form 10-K
Advisory firms were not disclosed for this transaction.