Hartford wealth manager Virtus Investments Inc. has completed its majority investment of $105 million in a Stamford-based wealth advisor.
Virtus announced this week it acquired Sustainable Growth Advisers’ (SGA), which creates domestic and global equity strategies, majority stake that was held by private-equity investor Estancia Capital Management.
As a Virtus affiliate, SGA, which manages $11.6 billion in assets, will continue to oversee its investment process and maintain its independent structure, culture, brand identity, and control over day-to-day activities. Meanwhile, SGA gains access to Virtus’ distribution and shared business support capabilities, Virtus said.
