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Creative Planning acquires $1.8bn RIA Emery Howard

US-based independent wealth management firm Creative Planning has acquired San Francisco Bay Area-based registered investment adviser (RIA) Emery Howard.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
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Financial terms of the deal were not disclosed.

The acquired entity, which manages more than $1.8bn in assets, offers customised management services to high-net-worth (HNW) clients.

Founded in 1991, the firm is led by president Michael Howard.

Commenting on the deal, Howard said: “We wanted to align with a Firm with outstanding investment and planning capabilities and that would provide operational scale to allow our team to focus exclusively on client relationships.

“Peter has created a culture, value system and investment philosophy that has been very consistent with what we developed over the decades and the independence to operate as we always have going forward.”

The addition of Emery Howard brings Creative Planning’s assets under management (AuM) to $134bn and its assets under advisement (AuA) to $91bn.

The deal comes as the firm, which has been on an acquisition spree in recent years, seeks to accelerate its growth throughout 2022.

Creative Planning CEO Peter Mallouk said: “Mike and the entire Emery Howard team has impressed us for quite some time now.

“In adding Emery Howard to the Creative Planning family, we are getting the perfect culture and business acumen fit. The tenets listed in the Emery Howard mission statement (experience, honesty, and integrity) are so tightly aligned with our mantra here at Creative Planning which makes this a seamless transition for all parties, and we are thrilled to have them on board.”

Last month, Creative Planning acquired JBJ Invest and Paradigm Financial Advisors.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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