Abacus Life Announces Agreement To Acquire FCF Advisors; Financial Terms Of The Transaction Not Disclosed, Deal Will Add Up To $600M In AUM To Abacus
Portfolio Pulse from Benzinga Newsdesk
Abacus Life, Inc. (NASDAQ: ABL) has announced a definitive agreement to acquire FCF Advisors, adding up to $600 million in assets under management (AUM) to Abacus. The acquisition aligns with Abacus' expansion of ABL Wealth and its diverse suite of products.
August 07, 2024 | 8:43 pm
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Abacus Life, Inc. (NASDAQ: ABL) has announced a definitive agreement to acquire FCF Advisors, which will add up to $600 million in assets under management to Abacus. This acquisition is expected to accelerate the expansion of ABL Wealth and its diverse suite of products.
The acquisition of FCF Advisors by Abacus Life is a significant move that will add substantial assets under management to the company. This is likely to positively impact Abacus' stock price in the short term as it expands its product offerings and market presence.
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