Troutman Pepper Locke represented Bogart Wealth, an award-winning independent wealth management and registered investment advisory firm with over $3 billion in assets under advisement, in negotiating and closing a minority, long-duration investment from Constellation Wealth Capital (CWC), a long-term strategic investor that provides capital solutions exclusively to wealth management businesses and multi-family offices.
This minority investment will be used to further enhance Bogart Wealth’s client services, technology solutions, recruitment initiatives, and marketing activities. Bogart Wealth will remain a proudly independent registered investment adviser, with employees being the overwhelming majority owners of the business.
The team advising Bogart Wealth was led by partner Mark Wilhelm and included attorneys Reid Oetting, Mike Byrne, Howard Goldberg, and Mike Crumbock, along with paralegal Dawn Hall. This transaction reinforces Troutman Pepper Locke’s reputation as a go-to law firm for transactions involving RIAs and wealth management firms. The firm has extensive experience navigating the intricacies particular to asset management mergers and acquisitions and investment transactions.