Emigrant takes stake in $1.7 billion Texas RIA

Emigrant Partners, a unit of New York Private Bank & Trust, has made a minority investment in Ulrich Investment Consultants, a San Antonio-based registered investment adviser managing $1.7 billion.

Ulrich, which has offices in Albuquerque, New Mexico, and Spokane, Washington, serves high-net-worth individuals and families, as well as ERISA plans and Native American tribal clients.

Emigrant and its affiliate Fiduciary Network currently have stakes in 19 firms overseeing approximately $65 billion in aggregate assets under management and assets under administration.

[More: Fourth quarter saw a record 69 RIA deals, Echelon says]

The post Emigrant takes stake in $1.7 billion Texas RIA appeared first on InvestmentNews.

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