We provide financing to wealth management firms so they can:

  • Fund an internal transition of ownership
  • Acquire other wealth managers
  • Buy out outside/inactive shareholders

FN PROVIDES FINANCING FOR MANAGEMENT BUYOUT OF MORTON CAPITAL MANAGEMENT, LLC

In late October, 2013, the management team of Morton Capital Management (MCM), a Calabasas, CA-based RIA with approximately $1.2B in AUM, repurchased 100% of the business from Union Bank. In search of a permanent solution to their financing needs – including the refinancing of temporary “bridge loans” from the transaction with Union Bank and the availability of capital for future acquisitions and succession transactions – MCM closed a new financing arrangement with FN on December 30, 2013. The transaction, in which FN provided both term loans and permanent capital, represents FN’s 15th investment since its founding.

FN RELEASES NEW WHITE PAPER

The wealth management industry is at a crossroads: heightened competition, increasing operational complexity, accelerating compensation costs and the inevitable retirement of many of the industry’s pioneers are poised to reshape the industry. In its latest white paper, “Brave New World of Wealth Management,” FN examines the current shape of the industry and considers how the landscape is likely to evolve over the next decade.