Culture Clashes Remain Bugaboo Of Asset Manager M&A

Posted July 9, 2019
Culture remains a key consideration for asset management firms seeking to consolidate, industry sources say. If firms are not culturally aligned, they are bound to run into issues — “it’s just a matter of when will you have [the] problem,” says Martin Flanagan, chief executive of Invesco. Flanagan, whose firm closed the acquisition of OppenheimerFunds in an approximately $5.7 billion ...
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Luxon Financial Closes Acquisition of Tradition Capital Management

Posted May 1, 2019
Firm to Help Clients Manage Approximately $3.5 Billion in Assets May 01, 2019 07:00 AM Eastern Daylight Time RICHMOND, Va.–(BUSINESS WIRE)–Luxon Financial LLC, an independent financial services firm and the parent of wealth manager Cary Street Partners, today announced that it has closed on the acquisition of Tradition Capital Management LLC, a Summit, NJ – ...
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Luxon Financial to Combine with New Jersey-Based Tradition Capital Management

Posted April 8, 2019
Transaction Expands Combined Firm’s National Client Base and Client Service Capabilities RICHMOND, Va.–(BUSINESS WIRE)–Luxon Financial LLC, an independent financial services firm and the parent of wealth manager Cary Street Partners, announced today that it has entered into a definitive agreement to combine with Tradition Capital Management LLC, a Summit, NJ – based registered investment advisor. ...
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