Latest Deals
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Wealth Enhancement acquires Ohio RIA Danison & Associates
Minneapolis, Minnesota-based wealth management firm Wealth Enhancement has acquired Danison & Associates, an independent registered investment advisor (RIA) headquartered in Columbus, Ohio.
This move adds over $82m in client assets to Wealth Enhancement’s portfolio, increasing its total client assets to over $103bn.
Liechtenstein’s LLB completes acquisition of ZKB Austria
Liechtenstein-based private bank Liechtensteinische Landesbank (LLB) has closed the acquisition of Zürcher Kantonalbank Österreich (ZKB Austria), a bank with locations in Salzburg and Vienna. This transaction, announced in July 2024, included client assets worth approximately €3.4bn. The completion of the acquisition, which follows regulatory and anti-trust approvals, sees LLB taking over 100% of ZKB Austria’s share capital.
Evelyn Partners closes sale of Unity SIPP to Pathlines Pensions
The joint administrators of PSG SIPP have successfully completed the sale of the Unity SIPP business to Pathlines Pensions, formerly known as London & Colonial. The transaction, finalised on 9 January 2025, marks a key step in the resolution of PSG SIPP’s administration process. Adam Stephens and Chris Allen of Evelyn Partners were hired Joint Administrators of PSG SIPP on 25 October 2024, under the Insolvency Act 1986.
BTG Pactual to acquire Julius Baer’s Brazilian wealth unit
BTG Pactual has sealed a deal to buy Swiss private banking group Julius Baer’s Brazilian domestic wealth management operations, for BRL615m ($100.7m). This Brazilian wealth unit, Julius Baer Brazil, serves high and ultra-high-net-worth clients through its presence in Sao Paulo, Belo Horizonte, and Rio de Janeiro. The business managed BRL61bn ($9.98bn) in assets as of 30 November 2024.
