Robert Kennedy

Managing Member

Email:

kennedy@mhb-advisers.com

Office:

(415) 464-4943

Cell:

(415) 794-8487

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16

Years of asset and wealth management investment banking experience

25

Years of financial services experience

Robert became a partner of MHB Advisers in 2015 following a 15+-year career in financial services focused on M&A advisory work and strategic consulting

Prior Experience:

Independent Consultant in US and internationally

Putnam Lovell: Asset and wealth management investment banking

Royal Australian Regiment: Commissioned Officer

Education:

University of Colorado at Boulder: BS in Finance, with Honors

Our Transactions

We have advised on approximately 50 M&A transactions and numerous strategic advisory engagements, helping our clients transact more than $250 billion of assets under management

Sold to

Transacted AUM:

$1.7 billion

Fairness Opinion - Provided with Respect to Wealth Manager Sale Transaction

We provided a Fairness Opinion to the board of directors of True Capital Management in connection with the sale of the firm to Cresset

  • True Capital is a specialized wealth and business management firm based in San Francisco that is focused on professional athletes, entertainers, with $1.7bn of AUM
  • Cresset is a rapidly growing wealth manager and multi-family office based in Chicago, managing over $30bn of client assets
  • MHB previously advised True Capital on the sale of a minority equity interest to affiliates of Cresset in 2020
  • MHB also previously advised True Capital on the acquisition of FS Wealth Sports & Entertainment, a specialist wealth manager based in Nashville

Merged with

Transacted AUM:

$600 million

Sellside Engagement – Advised on Strategic Sale

We represented Beekman Wealth Advisory, a leading provider of custom investment advisory services for select ultra high net worth families with approximately $600 million of AUM, on its sale to Prime Quadrant, a Canadian wealth manager and partner firm of Focus Financial Partners overseeing more than CAD$21bn of client assets.

Optimal outcome for Beekman with numerous strategic benefits for both firms:

  • Culturally compatible firms with a shared investment approach and vision for serving UHNW client families
  • Beekman becomes the U.S. beachhead for Prime Quadrant as it seeks to expand outside of Canada
  • Cross-border client servicing and referral opportunities for both firms
  • No change to Beekman client relationships and portfolios, ensuring continuity and continued service excellence
  • Full liquidity for Beekman’s founder at attractive terms
  • Increased professional growth opportunities for all Beekman team members

sold a strategic minority interest to

Transacted AUM:

A$10 billion

Sellside Engagement –Advised on Sale of Strategic Minority Interest

We represented Koda Capital, a leading independent Australian wealth management firm advising high net worth and

not-for-profit clients with more than A$10bn of AUM, on the sale of a strategic minority interest to Emigrant Partners,

a Connecticut-based investment firm focused on the wealth and asset management industry with 17 partner firms managing approximately $90b of aggregate AUM

The investment provides several strategic benefits to Koda Capital:

  • Experienced long-term partner making its first investment outside U.S.
  • Consolidated management ownership and provided liquidity to a number of early external non-management owners
  • Supports Koda’s next phase of growth via balance sheet capital and expertise
  • Continued independence and autonomy
  • Network of resources through Emigrant’s wealth manager partner firms
  • Strong cultural fit, with shared values and goals


acquired

Transacted AUM:

$200 million

Buyside Engagement –Advised on Strategic Acquisition

We represented True Capital Management, a specialized wealth and business management firm focused on professional athletes with more than $2bn of AUM, on the acquisition of FS Wealth Sports and Entertainment, a Nashville-based wealth manager serving athletes, entertainers and other high net worth clients with approximately $200m of AUM

The transaction provides a number of strategic benefits to True Capital:

  • Geographic expansion to the eastern half of the country, complementing its West coast footprint in San Francisco, Los Angeles and Seattle
  • On-the-ground presence in Nashville, one of the most dynamic sports and entertainment hubs in the US
  • Highly complementary client base across professional sports leagues including the NFL, NHL, MLB and PGA, and deeper penetration into the entertainment community, including musicians, singer-songwriters and actors
  • Significant business synergies and avenues for growth
  • Strong cultural fit, with shared values and goals
  • Attractive incentive-based financial structure that aligns interests of all parties to the transaction