ARTICLE
19 July 2016

Legg Mason Acquires 82% Stake In Online Wealth Management Platform Financial Guard

KL
Herbert Smith Freehills Kramer LLP

Contributor

Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
Legg Mason acquired a majority stake in Financial Guard, an online wealth management and investment advice platform.
United States Finance and Banking

Legg Mason acquired a majority stake in Financial Guard, an online wealth management and investment advice platform. The firm will operate as part of Legg Mason's alternative distribution strategies business, which focuses on combining technology with Legg Mason's investment affiliates' capabilities. The investment is part of Legg Mason's overall long-term strategy focused on creating choice for investors across investment capability, product and vehicle, and distribution. The transaction is expected to expand Financial Guard's access to financial institutions serving the needs of investors. Financial terms of the transaction were not disclosed.

Link To Article

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More