AMG Wealth Partners, LP, a subsidiary of Affiliated Managers Group, Inc.
(NYSE: AMG), today announced the completion of its investment in Baker
Street Advisors, LLC (“Baker Street”).
Baker Street, a San Francisco-based wealth management firm, provides
customized wealth management and comprehensive investment advisory
solutions to individuals, families and foundations. Founded by Jeff
Colin in 2003, the firm advises on approximately $6 billion in assets.
Baker Street focuses on simplicity, cost-effectiveness and
tax-efficiency, while seeking to generate the highest risk-adjusted
rates of return, after taxes and fees, for each client.
As part of the transaction, Baker Street’s senior professionals have
agreed to long-term commitments with the firm. The terms of the
transaction were not disclosed.
About AMG Wealth Partners
AMG Wealth Partners is a subsidiary of Affiliated Managers Group, Inc.
(NYSE: AMG), a global asset management company with equity investments
in leading boutique investment management firms. As of December 31,
2014, the aggregate assets under management of AMG’s Affiliates were
approximately $626 billion, pro forma for the investment in Baker
Street, in more than 400 investment products across a broad range of
investment styles, asset classes and distribution channels. AMG’s
strategy is to generate growth through the internal growth of existing
Affiliates, as well as through investments in new Affiliates. In
addition, AMG provides centralized assistance to its Affiliates in
strategic matters, marketing, distribution, product development and
operations.
AMG Wealth Partners employs the essential elements of AMG’s proven
partnership model, with an approach tailored to meet the unique
attributes and needs of independent wealth advisory firms. The firm
seeks permanent partnerships with the most highly regarded wealth
management firms and provides capital, strategic guidance and
infrastructure capabilities to help them grow, scale their businesses
and better serve their clients.
Certain matters discussed in this press release may constitute
forward-looking statements within the meaning of the federal securities
laws. Actual results and the timing of certain events could differ
materially from those projected in or contemplated by the
forward-looking statements due to a number of factors, including changes
in the securities or financial markets or in general economic
conditions, the availability of equity and debt financing, competition
for acquisitions of interests in investment management firms, the
ability to close pending investments, the investment performance of our
Affiliates and their ability to effectively market their investment
strategies, and other risks detailed from time to time in AMG’s filings
with the SEC. Reference is hereby made to the “Risk Factors” set forth
in AMG’s Form 10-K for the year ended December 31, 2014.
AMG routinely posts information that may be significant for investors
in the Investor Information section of its website, and encourages
investors to consult that section regularly. For additional information,
please visit www.amg.com.
Copyright Business Wire 2015