View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
December 7, 2021

Emigrant Partners backs Beaird Harris Wealth Management

By Verdict Staff

Emigrant Partners has made a strategic non-voting minority investment in Dallas-based Beaird Harris Wealth Management.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

Financial terms of the deal were not disclosed.

Beaird Harris is a fee-only registered investment adviser with $1.3bn in assets under management.

The firm provides investment management, financial planning, business advisory, tax, accounting, business consulting, family office and retirement plan services. Its customer base consists of individuals, healthcare professionals, families and businesses.

Emigrant CEO Karl Heckenberg said: “Beaird Harris has an extraordinary bench of young talent in an incredibly attractive market.  We are always hyper-focused on making sure the next generation of leaders are as excited about working with Emigrant, as we are with them, to help scale and grow their firm for the next decade and beyond.

“Beaird Harris, with its scale, depth and breadth of capabilities, uniquely positioned alongside its Certified Public Accounting affiliate, has developed an outstanding comprehensive service offering for its clients and we are excited to begin working with them on strategic opportunities.”

Under the terms of the deal, Beaird Harris co-founder and managing partner Pat Beaird will continue to maintain full control of the firm.

Commenting on the deal, Beaird added: “As we looked to build on our momentum and enter our next chapter, we sought a partner who could not only provide a strategic capital infusion, but whose approach, values, and interests were a strong match to support our expansion and succession planning objectives.

“Emigrant’s history, collaborative culture, and embrace of employee-owned, founder-led firms made it an excellent fit to realise our vision for the future.”

New York-based Emigrant Partners makes non-voting minority investments in wealth, asset, and alternative asset management firms.

Last year, Emigrant Partners acquired a minority stake in Stratos Wealth to help the latter’s balance sheet capital to make more investments in its business.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International