MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, June 27, 2011 Could the Mutual Fund Store Sell for $350M? Is the Mutual Fund Store about to change hands? InvestmentNews' Bruce Kelly, citing an anonymous source, claims that the Overland Park, Kansas-based RIA is being shopped by founder Adam Bold, with an asking price of between $300 million and $350 million. The MFWire.com could not immediately reach Bold himself for comment on the sale. Bold told the Kansas City Star's Mark Davis that the firm is not for sale. "Neither I nor our management team are going anywhere," Bold reportedly told the star. I-News lists JPMorgan as Bold's banker and describes the 73-branch, $6.4-billion-AUM RIA (which operates under a franchise model) as third biggest fee-only RIA in the country. Bold reinforces the RIA's brand with his own radio show, the Mutual Fund Show. Printed from: MFWire.com/story.asp?s=37182 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |