Seward & Kissel represents Litman Gregory Wealth Management in connection with its acquisition of Wedgewood Partners’ Private Client Business
August 8, 2023
On August 2, 2023, Litman Gregory Wealth Management (LGWM), a subsidiary of iM Global Partner, announced that it has completed its acquisition of the private client business of Wedgewood Partners Inc. (WPI), an investment advisor with $275M in assets under management within its private client business. Seward & Kissel was pleased to represent Litman Gregory Wealth Management in connection with this investment-management industry transaction.
Litman Gregory Wealth Management, based in the San Francisco bay area, is an advisory firm serving a nationwide client base providing independent wealth management services with over $2 billion in assets under advisory. Its parent, iM Global Partner, is a worldwide asset management network, based in Paris, France. Wedgewood Partners Inc. is a St. Louis-based SEC-registered investment adviser offering comprehensive wealth management services to clients including high net worth individuals, pension/profit sharing plans, foundation & charities.
Seward & Kissel LLP (www.sewkis.com) is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions involving a wide variety of industries. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “advises on market-leading transactions within the industries where the firm has an international reputation, namely investment management and shipping.”
The company’s press release describing this transaction is available here.