Asset Management Finance Announces Investment in Smith Group Asset Management's Buyout of Minority Owners.Smith Group Now 100% Employee-Owned NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & DALLAS -- Asset Management Finance Corp. (AMF AMF ACE (Allied Command, Europe) Mobile Force AMF Autorité des Marchés Financiers (French) AMF Action Message Format AMF Arab Monetary Fund AMF Asian Monetary Fund AMF Autocrine Motility Factor ) announced today that it has made an investment in Smith Group Asset Management, a leading equity growth manager based in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. . Smith Group has used the capital to buy back minority ownership interests held by two outside institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . This transaction is AMF's 11th investment and its 3rd in the past 3 months, and continues the momentum that AMF has built in the asset management industry with its unique Revenue Share Interest (RSI (Repetitive Strain Injury) Ailments of the hands, neck, back and eyes due to computer use. The remedy for RSI is frequent breaks which should include stretching or yoga postures. ) investment structure. "This transaction allowed us to accomplish two goals: achieving 100% employee-ownership and providing equity to a broader group of firm employees," said Stephen S. Smith, founder and Chief Executive Officer of Smith Group. "Maintaining independence and providing incentives through equity participation are strategic advantages for our firm and our clients. No other capital solution we explored could provide that." AMF has provided Smith Group capital in exchange for a limited-term Revenue Share Interest. During the period of the agreement, AMF will hold a passive, non-voting interest in the firm. Specific terms were not disclosed. Based in Dallas, Smith Group Asset Management was founded in 1995 and has over $5 billion of client assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . The firm applies an engineering approach to investment management, leveraging technology and fundamental research, creating risk-controlled portfolios and producing attractive return patterns. "In today's marketplace, clients place a high premium on portfolio manager stability and growth, and AMF understands that," said John D. Brim, Partner and Senior Portfolio Manager. "The ability to motivate and encourage our employee base with ownership potential will help us maintain the culture and performance for which we are known." To date AMF has invested in a diverse group of partner firms that have more than $45 billion in assets under management. AMF's clients offer both traditional and alternative asset management strategies and have used AMF's capital for a broad range of initiatives including owner liquidity, internal equity transfers, management buy-outs, acquisitions and other strategic initiatives. "Investment managers are recognizing that independence is a strategic asset that can attract clients and drive performance. We are pleased to add the Smith Group to our roster of outstanding investment management firm partners," said Norton Reamer reamer Rotary cutting tool of cylindrical or conical shape, used for enlarging and finishing to accurate dimensions holes that have been drilled, bored, or cored. A reamer cannot be used to start a hole. , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AMF. "AMF's investment in Smith Group demonstrates our ability to cultivate strong relationships with managers and to become a reliable capital provider to those firms in all market cycles, meeting varying strategic objectives as they arise," added Rob Jakacki, Managing Director of AMF. About Smith Group Asset Management Smith Group Asset Management is a registered independent investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and specializing in equity management for a variety of clients. We build risk-controlled portfolios designed to preserve capital in market downturns and generate consistent, excess returns. Founded by Stephen S. Smith in 1995, Smith Group offers several investment strategies to fit our clients' needs. For more information, please visit www.smithasset.com . About AMF AMF offers an innovative investment technique for asset management firms This is a list of corporations that provide financial asset management.
NBF National Business Furniture NBF Norsk Bibliotekforening NBF Norges Blindeforbund NBF National Biosafety Framework NBF National Book Festival NBF Neutral Buffered Formalin NBF New Best Friend Capital Partners (through a subsidiary of National Bank Financial Inc.), Tokio Marine & Nichido Fire Insurance Co., Ltd., and AMF management. AMF has offices in New York and Boston. For more information, please visit www.AMFinance.com. |
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