Victory Capital Closes Acquisition of WestEnd Advisors
January 03 2022 - 7:00AM
Business Wire
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory
Capital”) today announced that it successfully closed the
previously announced acquisition of WestEnd Advisors (“WestEnd”) on
December 31, 2021.
David Brown, Chairman and CEO of Victory Capital, said, “WestEnd
represents our third acquisition that closed in 2021.
“We are looking forward to deepening WestEnd’s penetration on
existing platforms and introducing them to new financial
intermediaries and platforms where we have long-standing
relationships. We are excited to leverage the complementary
capabilities of both organizations and maximize the opportunity
ahead of us.”
WestEnd will become Victory Capital’s 12th Investment Franchise
and represents a new dimension of growth and diversification.
Founded in 2004, and headquartered in Charlotte, North Carolina,
WestEnd provides financial advisors with turnkey, core model
allocation strategies serving as holistic solutions and
complementary sources of alpha. The firm offers four primary ETF
strategies and one large cap core strategy, all in tax efficient
Separately Managed Account (SMA) structures.
About Victory Capital
Victory Capital is a diversified global asset management firm
with $160.5 billion in assets under management as of November 30,
2021. It was ranked ninth on Fortune’s list of the 100 Fastest
Growing Companies for 2021. The Company operates a next-generation
business model combining boutique investment qualities with the
benefits of a fully integrated, centralized operating and
distribution platform.
Victory Capital provides specialized investment strategies to
institutions, intermediaries, retirement platforms and individual
investors. With 12 autonomous Investment Franchises and a Solutions
Platform, Victory Capital offers a wide array of investment
products, including mutual funds, ETFs, separately managed
accounts, alternative investments, third-party ETF model
strategies, collective investment trusts, private funds, and a 529
Education Savings Plan.
For more information, please visit www.vcm.com or follow us:
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FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements may include, without limitation, any
statements preceded by, followed by or including words such as
“target,” “believe,” “expect,” “aim,” “intend,” “may,”
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“objective,” “outlook,” “plan,” “potential,” “predict,” “project,”
“will,” “can have,” “likely,” “should,” “would,” “could” and other
words and terms of similar meaning or the negative thereof. Such
forward-looking statements involve known and unknown risks,
uncertainties and other important factors beyond Victory Capital’s
control such as the COVID-19 pandemic and its effect on our
business, operations and financial results going forward, as
discussed in Victory Capital’s filings with the SEC, that could
cause Victory Capital’s actual results, performance or achievements
to be materially different from the expected results, performance
or achievements expressed or implied by such forward-looking
statements.
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with, and do not endorse products or services of, Victory Capital
Management, Inc.
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three-year period ended April 30, 2021.
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version on businesswire.com: https://www.businesswire.com/news/home/20220103005086/en/
Investors: Matthew Dennis, CFA Chief of Staff Director,
Investor Relations 216-898-2412 mdennis@vcm.com
Media: Tricia Ross 310-622-8226 tross@finprofiles.com
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