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GeoWealth investment platform expands down-market with deal for First Ascent

iCapital Envestnet

The First Ascent Asset Management TAMP will operate as a separately branded subsidiary of GeoWealth.

GeoWealth, a Chicago-based turnkey asset management platform designed specifically for registered investment advisors, is acquiring First Ascent Asset Management, a Denver-based TAMP with a focus on smaller RIAs.

The deal, which is expected to close within 30 days, brings with it $1.3 billion in

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