Following Emigrant Financial institution’s acquisition of Fiduciary Community final 12 months, Fiduciary Community-backed RegentAtlantic is merging with wealth administration agency Hillview Capital Advisors, primarily based in New York Metropolis. The mixed agency, which will likely be marketed beneath the RegentAtlantic model, can have roughly $four.7 billion in property beneath administration and advisement, in keeping with an announcement supplied by RegentAtlantic.
Beneath the steering of Karl Heckenberg, Emigrant Companions CEO and president, Emigrant Financial institution is on a mission to mixture RIAs, with Fiduciary Community offering financing for over a dozen companies representing almost $40 billion in shopper property. Emigrant had already invested $155 million in help of RIA financing as of final 12 months.
“We’ve lengthy recognized the Hillview staff and have all the time thought that our companies would match properly collectively, as we each supply complementary strengths. This merging of forces is definite to profit each companies’ shoppers,” stated George Stapleton, CEO of RegentAtlantic, in an announcement. He'll lead the mixed agency. Each Hillview President David Spungen and CEO Jonathan Hochberg will proceed in senior management roles within the mixed agency.
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