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Deals Of The Day: The Latest In Wealth Management M&A – Emigrant Partners, Novare
Editorial Staff
24 January 2025
Emigrant Partners, Novare Capital Management Novare, which was founded by Bill Baynard and Don Olmstead in 1999, manages $1.8 billion in assets and is headquartered in Charlotte, North Carolina.
Emigrant Partners, which specializes in acquiring minority stakes in wealth and asset management firms, has taken such a position in Novare Capital Management.
The partnership will provide the RIA with capital and speed up its growth.
Colchester Partners served as Novare’s exclusive financial advisor and Moore & Van Allen served as its legal counsel.
Emigrant Partners is partnered with 20 firms overseeing $113 billion in combined AuM/AuA. EP is a subsidiary of Emigrant Bank, which is owned and operated by the Milstein Companies.