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March 30, 2017

Midland States Bancorp snaps up CedarPoint Investment Advisors

Illinois-based Midland States Bancorp has acquired CedarPoint Investment Advisors, a Wisconsin-based registered investment advisory (RIA) firm, for an undisclosed sum.

By Verdict Staff

Illinois-based Midland States Bancorp has acquired CedarPoint Investment Advisors, a Wisconsin-based registered investment advisory (RIA) firm, for an undisclosed sum.

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CedarPoint offers range of financial planning and investment services and manages about $180m in assets.

CedarPoint’s employees will be retained as part of the deal and the firm will continue to operate from its existing Delafield location. 

The latest acquisition boosts assets under administration in Midland’s Wealth Management group to around $1.9bn, and takes its financial professional headcount to 50. 

Midland Wealth Management president Eric Chojnicki said: “The acquisition of our first RIA expands upon the fiduciary relationship, asset-based fee model that we have built at Midland Wealth Management. CedarPoint has also built a successful firm based on complete fee transparency and unbiased investment advice.

“The philosophy, values and expertise of Dan Wilson and Bob Dignan, CedarPoint’s principals, are a strong fit with the holistic approach we have at Midland to serve every area of our clients’ financial needs.”

“We think CedarPoint’s clients will benefit from the enhanced technology, broader resources and client support Midland offers.  By leveraging the strength of Midland’s wealth management platform, the CedarPoint team will have an even greater ability to help our clients meet their financial goals,” Dignan stated.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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