HOUSTON, April 30, 2019 /PRNewswire/ -- Republic Capital Group, a firm specializing in providing investment banking services to the RIA, asset and wealth management communities, is today congratulating its client, LourdMurray, on the announcement of its merger with Delphi Private Advisors and investment from HighTower Advisors.
The resulting firm will represent approximately $4.8 billion of assets under management, add very talented partners to the combined leadership team and enhance the organization's ability to serve clients around the country.
Republic Capital Group acted as LourdMurray's exclusive advisor from the sourcing of Delphi Private Advisors through the selection of HighTower as a capital partner.
LourdMurray is a fee-only registered investment advisor headquartered in Beverly Hills, California, providing wealth management services to affluent families, business owners, executives, artists, entertainers, professional athletes and institutions across the United States. The firm is one of the nation's leading registered investment advisors and offers its experience and sophisticated expertise to address its clients' most complex challenges.
"We are very pleased for our clients at LourdMurray," said John Langston, Founder & Managing Director of Republic Capital Group. "In the highly competitive RIA space, they have built an outstanding business and reputation by focusing on service and expertise, and this merger and investment set them on a course for continued growth."
The transaction is expected to close in the second quarter of 2019, subject to regulatory approvals and other customary closing conditions.
About Republic Capital Group Republic Capital Group specializes in providing investment banking services to the RIA, Asset and Wealth Management communities. The firm serves clients throughout the country and clients include a number of industry leaders.