has been acquired by

Berkshire Global Advisors client Atherton Lane has been acquired by BNY Mellon

Date: January 2016

Sector: Wealth Management

Sub-Sector: RIA

Region: North America

Seller AUM: $2.7 Billion

Seller Details
Atherton Lane Advisers, LLC is an independent, Federally Registered Investment Adviser based in Menlo Park, California. Founded in 2005, with about $2.7 billion in assets under management, the firm provides comprehensive wealth management and investment counseling services to private clients through individually designed investment portfolios that are broadly diversified across asset classes and within asset sectors.

Buyer Details
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of Sept. 30, 2015, BNY Mellon had $28.5 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).

Transaction Summary
BNY Mellon announced today that it intends to acquire the assets of Menlo Park, CA-based Atherton Lane Advisers, LLC, one of the region’s premier independent investment managers which manages about $2.7 billion in assets under management on behalf of about 700 high net worth clients. BNY Mellon brings a host of strategic benefits to Atherton’s clients including a broader investment platform, enhanced marketing, brand in the Bay area (BNY Mellon sponsors the 49ers), infrastructure support, private banking services (asset-based lending), trust services and much improved technology with which to enhance the client experience. Upon completion of the transaction, Atherton will become part of BNY Mellon Wealth Management. Atherton principal Perry Olson will assume a senior leadership role, and colleagues and co-founders Janet Littlefield and Gary Patterson will also join, all under the leadership of David Emmes, BNY Mellon Wealth Management’s president of U.S. Markets-West. BNY Mellon expects the transaction to close by the beginning of the second quarter of 2016.