ATLANTA, January 29, 2021 – Bird Loechl McCants & Holliday (BLM&H) represented Invesco Ltd. (NYSE: IVZ) and its subsidiary, Jemstep Inc., on an add-on acquisition of an investment advisory firm based in New Jersey. In 2016, Invesco acquired Jemstep, one of the first online trading platforms in the financial services industry that provides robo-technology to traditional advisers. The add-on acquisition bolstered Jemstep’s ability to grow its platform.
“We have a deep history of providing advisers with the tools they need to help their clients achieve their desired investment outcomes,” said Martin L. Flannigan, Chief Executive Officer and President of Invesco in a 2016 press release in connection with Invesco’s acquisition of Jemstep. “As we continually look to enhance our partnerships with advisers, we recognize that digital solutions can expand their options for meeting client needs.”
W. Hunter Holliday and Harrison B. Sullivan of BLM&H advised Invesco and Jemstep on all aspects of the transaction, including due diligence, structuring the transaction, employment matters and tax matters.
“We worked closely with Jemstep’s executive team and Invesco’s in-house M&A, legal, compliance and tax teams through due diligence and closing the transactioin. It is a privilege to represent these two first class companies and work seamlessly with Invesco’s in-house professionals who are first class in their own right, too,” said W. Hunter Holliday, BLM&H’s partner supervising the transaction.
Over more than three decades, Bird Loechl McCants & Holliday has grown to become a leading U.S. law firm helping companies, organizations and individuals solve their most complex legal matters. The firm delivers tailored solutions and world-class work product with an uncompromising approach to service and quality. More information is available at www.blmhlaw.com.
Andy Jones 919.601.1439