Wintrust Financial Corporation is purchasing 100% of the Wayne Hummer Companies [Wayne Hummer Investments, Wayne Hummer Management Company (WHMC), and Focused Investments]. WHMC manages the four Wayne Hummer mutual funds.

Further, WHMC is an RIA. This unit's managed account business will be combined with Wintrust Asset Management Company's. The unit will continue to manage the mutual funds.

Both firms are based out of Chicago.

"This transaction is a win-win situation for both companies and more importantly for our customers," stated Edward J. Wehmer, president and ceo at Wintrust. "We are partnering with a company that has a terrific history and operating culture, outstanding growth and profit potential, and a dedicated management team. All of the senior officers have agreed to stay on and manage the operations of the Wayne Hummer Companies."

The funds include the following:

• CorePortfolio (WHCPX),
• Growth (WHGRX),
• and Income (WHICX).

 

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