The transaction was announced July 7, 2022, and is expected to close in the fourth quarter of 2022, subject to customary closing requirements.
This deal allows Wentworth to go public, giving them access to public equity markets.
The combined entity is expected to encompass over 1,900 advisors, $25 billion in assets under management and over $285 billion in affiliated assets under management. The combined company will have a pro forma enterprise value of $208 million.
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