Emigrant Partners backs Beaird Harris Wealth Management
Summary
Emigrant CEO Karl Heckenberg said: “Beaird Harris has an extraordinary bench of young talent in an incredibly attractive market. We are always hyper-focused on making sure the next generation of leaders are as excited about working with Emigrant, as we are with them, to help scale and grow their firm for the next decade and beyond. Commenting on the deal, Beaird added: “As we looked to build on our momentum and enter our next chapter, we sought a partner who could not only provide a strategic capital infusion, but whose approach, values, and interests were a strong match to support our expansion and succession planning objectives. “Emigrant’s history, collaborative culture, and embrace of employee-owned, founder-led firms made it an excellent fit to realise our vision for the future.” New York-based Emigrant Partners makes non-voting minority investments in wealth, asset, and alternative asset management firms. Last year, Emigrant Partners acquired a minority stake in Stratos Wealth to help the latter’s balance sheet capital to make more investments in its business.