Franklin eyes $90bn wealth deal, Edelman has Prime’s number
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No summer slowdown here! First up, Franklin Templeton is in talks over a deal for AlTi Global, a publicly listed $90bn wealth manager that has been looking for a buyer for about a year now.
Ian, Sam and Alex break down the story, discussing why Franklin is keen to expand its wealth business and why AlTi wants to return to private hands, having endured a tricky time on the public markets.
But that’s not all! The team also gets into the weeds of the settlement between Edelman Financial Engines and Prime Capital, which brought an end to a months-long legal saga over advisor hiring and client solicitation. They explore which firm won and what it might mean for the wider industry.
Ian, Sam and Alex break down the story, discussing why Franklin is keen to expand its wealth business and why AlTi wants to return to private hands, having endured a tricky time on the public markets.
But that’s not all! The team also gets into the weeds of the settlement between Edelman Financial Engines and Prime Capital, which brought an end to a months-long legal saga over advisor hiring and client solicitation. They explore which firm won and what it might mean for the wider industry.
