On January 18, 2019, Carter Ledyard client Pacific Current Group (PCG), an Australian publicly-traded global multi-boutique asset management firm, closed its multi-million dollar capital investment in Independent Financial Partners Group, LLC (IFP), a US “hybrid RIA platform” that provides middle office services to independent registered investment advisors. With PCG’s support, IFP is able to launch its newly-developed online platform designed to provide investment advisors, brokers and their clients with a more integrated suite of personalized and flexible tools for managing funds than they may previously have been able to obtain. PCG’s initial investment provides them with a 10% interest in IFP which could increase to just under 25% if the full commitment is invested. This transaction is the latest in a series of capital investments PCG has undertaken while relying on the advice of CLM Counsel Alison Dreizen, this time with additional assistance from corporate Associate Matt James.
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