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Wells Fargo Sells Asset Management Business | What Are The Opportunities?

Wells Fargo Sells Asset Management Business | What Are The Opportunities?

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Yield Hunting
Mar 26, 2021
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Wells Fargo Sells Asset Management Business | What Are The Opportunities?
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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…

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