Berkshire Global Advisors acted as financial advisor to iM Global Partner

Seller Details:
Founded in 1987, Litman Gregory is a nationally recognized wealth management firm based in the San Francisco Bay Area. Litman Gregory Asset Management provides high-touch wealth and asset management services to individuals, multigenerational families, and nonprofits. Litman Gregory advises the PartnerSelect Funds, provides investment strategy implementation to third-party platforms through Litman Gregory Portfolio Strategies, and offers portfolio guidance and investment research to professional investment advisors through Litman Gregory AdvisorIntelligence. The firm oversees $6.2 billion in investment assets, including $4 billion in assets under management and $2.2 billion of assets under advisory.

Buyer Details:
iM Global Partner is a worldwide asset management network dedicated to asset management. It selects and builds long-term partnerships with talented and independent asset management companies through direct capital ownership. iM Global Partner is present in 11 locations across Europe and the United States and provides its clients with access to the best management strategies of its Partners. iM Global Partner’s wide range of investment solutions thus includes the OYSTER range, a Luxembourg SICAV, but also Mutual Funds and ETFs dedicated to US investors. iM Global Partner had around $20 billion of assets under management as at December 2020.

Transaction Summary:
The addition of Litman Gregory in the U.S. is expected to bring assets under management of the group to over $24 billion and will enhance distribution capabilities in the U.S. It further demonstrates iM Global Partner’s commitment to continued cross-border growth in serving the needs of sophisticated investors. iM Global Partner plans to operate Litman Gregory Wealth Management as a separate business unit to preserve the strong recognition, independence and expertise that it has built over many decades with its cross-generational clients.