GLOBALT Investments LLC and Synovus Financial Corp. (NYSE:SNV) today announced the completion of a transaction through which the leadership team of GLOBALT has purchased the firm from Synovus and now operates as an independent entity.
Led by President William H. Roach Jr., GLOBALT is now an independent provider of managed exchange-traded fund (ETF) and equity portfolios that help advisors and institutions manage ongoing changes in the global marketplace. As part of this transaction, GLOBALT’s entire executive leadership team will remain with the firm, ensuring continuity and the same focus on client service and investment performance that has marked the first 32 years of the GLOBALT story. The firm operated independently before its acquisition by Synovus in 2002. Gary Fullam, chief investment officer and one of the firm’s founders, continues to lead the investment management team.
“Our relationship with Synovus, which has grown and thrived over the past two decades, remains strong, and my colleagues and I look forward to continuing to build on all that our respective teams have accomplished on behalf of so many Synovus clients,” said Roach. “Diversity has been and continues to be a defining pillar of the organization, and ownership reflects that commitment. As we embark on the next stage of our growth story, my GLOBALT colleagues and I could not be more excited about the opportunities to expand our relationships and deliver our differentiated ETF solutions to a broader range of financial advisors, institutions and individuals.”
“We believe GLOBALT has a strong future as an independent investment advisor, enabled to explore a wide range of additional partners and potential client relationships,” said Synovus Chairman, CEO and President Kevin Blair. “Our working relationship with the GLOBALT team provided valuable expertise to our clients, and we look forward to our continued partnership and their success.”
Founded in 1991, GLOBALT has built a…
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