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Home / transaction / Berkshire Global Advisors client AIA Shareholders have sold minority interest to Aspiriant
Berkshire Global Advisors client AIA Shareholders have sold minority interest to Aspiriant
  • has been acquired by

    • Berkshire Global Advisors client AIA Shareholders have sold minority interest to Aspiriant

  • Date: June 2012
  • Sector: Wealth Management
  • Sub-Sector: RIA
  • Region: North America
  • Seller AUM: $2.0 Billion

    • Seller Details
    All employee-owners exchanged their minority interest in Aspiriant Investment Advisors, LLC (“AIA”) for equity in Aspiriant. AIA is an investment advisory firm succeeding to substantially all of the assets of Deloitte Investment Advisors LLC. The firm manages approximately 360 accounts totaling an estimated $2 billion of assets under management and advisement.

    Buyer Details
    Aspiriant, LLC is the leading independent wealth management firm in the U.S., with nearly $7 billion of assets under management and advisement after the transaction. The firm now provides a full range of wealth management services for some 800 individual and family office clients throughout the country. Unlike many other wealth management firms, Aspiriant is 100% owned by current and past employees, which ensures its long-term stability and independence.

    Transaction Summary
    Effective June 30, 2012, AIA, a controlled subsidiary, merged into Aspiriant, LLC. Berkshire Global Advisors was the financial advisor to all AIA shareholders in the transaction.