M&A Deal Summary

GeoWealth Acquires First Ascent Asset Management

On March 23, 2023, GeoWealth acquired financial services company First Ascent Asset Management

Acquisition Highlights
  • This is GeoWealth’s 1st transaction in the Financial Services sector.
  • This is GeoWealth’s 1st transaction in the United States.
  • This is GeoWealth’s 1st transaction in Colorado.

M&A Deal Summary
Date 2023-03-23
Target First Ascent Asset Management
Sector Financial Services
Buyer(s) GeoWealth
Deal Type Add-on Acquisition

Target

First Ascent Asset Management

Denver, Colorado, United States
First Ascent Asset Management provides outsourced portfolio management services to financial advisors and their clients. First Ascent Asset Management is based in Denver, Colorado.

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Buyer(S) 1

Buyer

GeoWealth

Chicago, Illinois, United States
Category Company
Founded 2010
Sector Financial Services
DESCRIPTION

GeoWealth provides an end-to-end asset management platform for registered investment advisors. The company provides a proprietary technology platform and advisory services for trading and rebalancing of the RIA’s model portfolios, a white-labeled client portal with reporting functionalities and back-office services, billing and account management. GeoWealth was founded in 2010 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Mergr

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