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Laxman Pai, Opalesque Asia: Paris-based multi-boutique network iM Global Partner has bought a non-controlling stake in Berkshire Asset Management, a Wilkes-Barre, Pennsylvania, boutique that specializes in dividend-focused equity portfolios through its flagship Dividend Growth strategy.
The transaction will make Berkshire the ninth partner of iM Global Partner, a global asset management network, according to a news release.
The investment advisor Berkshire was formed in 1986 and is employee-owned. The team prides itself on its exacting investment philosophy and process and focuses on identifying perennial dividend growers before they are fully recognized by the market, using a forward-looking, bottom-up selection process.
According to the release, Berkshire has a client-centric approach and offers high-quality client service and it managed US$3.96 billion in assets under advisement as of end October 2022.
Managing Partner and Chief Investment Officer of Berkshire, Kenneth J. Krogulski, said: "The partnership with iM Global Partner brings a wealth of expertise to existing and future Berkshire clients. It solidifies and increases the longevity, consistency, and structure of the Berkshire team, and enhances what we can achieve for our clients. Their investment is an incredible vote of confidence in our team, our investment process, and importantly our future."
Philippe Couvrecelle, CEO and Founder of iM Global Partner said: "Berkshire Asset Management team ha...................... To view our full article Click here
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