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US in the news: Hightower makes its largest acquisition

A round-up of people moves and M&A deals across North America
M&A
The wealth firm has acquired Bel Air Investment Advisors from Fiera Capital Corporation.
Bel Air is based in Los Angeles and provides wealth management services and investment solutions exclusively to ultra-high net worth individuals, families, trusts and foundations.
The company has 43 employees, including 10 advisers.
This is Hightower’s “largest acquisition” in its 12-year history, according to the firm.
The financial terms of the deal were not disclosed.
Mercer Global Advisors
Kays serves approximately 700 clients.
Founder Scott Kay and his staff of 16, including five co-shareholders, will be joining the Mercer Advisors’ team. ....

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Fiduciary Trust International Appoints Miles Powell as Washington, DC-Based Regional Managing Director

Press release content from Business Wire. The AP news staff was not involved in its creation.
Fiduciary Trust International Appoints Miles Powell as Washington, DC-Based Regional Managing Director
January 5, 2021 GMT
WASHINGTON (BUSINESS WIRE) Jan 5, 2021
Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that Miles Powell has joined the firm as regional managing director and senior relationship manager based in Washington, DC.
“Fiduciary Trust International has been committed to the Washington, DC market for many years, and we are thrilled to continue to add talent to our deeply experienced team,” said Lawrence A. Sternkopf, president and chief operating officer of Fiduciary Trust International. “Miles combines collaborative leadership with an in-depth understanding of how various aspects of financial services can meet client needs, which will be crucial as we continue to expand our office ....

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