Wells Fargo Sells Asset Management Business | What Are The Opportunities?
On February 23rd, Wells Fargo announced the sale of their asset management business to GTCR LLC and Reverence Capital Partners. Wells will remain the distribution partner and retain some client functions. They will also maintain a 9.9% equity stake into the new business.
This is very similar to other recent business sales as the industry continues to…
Keep reading with a 7-day free trial
Subscribe to Yield Hunting to keep reading this post and get 7 days of free access to the full post archives.