Cohen & Company Acquires Investment Management Group

Looking to expand its reach of its investment industry services group, Cleveland-based IPA 100 firm Cohen & Company (FY21 net revenue of $111.9 million) is acquiring the Investment Management Group of BBD LLP (BBD-IMG) of Philadelphia.

All seven of BBD-IMG’s partners and a total of 40 audit and tax professionals will join Cohen & Company, including MP Jim Kaiser, who will join the firm’s board of managers. When the deal closes in March, Cohen & Company will be the second-largest exchange-traded fund (ETF) auditor and fourth-largest registered funds auditor in the U.S. by number of funds, working with more than 2,500 registered and non-registered funds, including closed-end interval funds and master limited partnership funds; exchange-traded funds; hedge funds and alternative investment funds; private equity funds; collective investment trusts; investment advisers and service providers across the U.S.

“[BBD-IMG] has long been a well-respected organization in our industry, and our mutual focus on client service and technical rigor makes this deal a perfect fit for both organizations,” says CEO Chris Bellamy. “This addition reflects our continued commitment to exceed client expectations with deep industry knowledge and a strong team. We also look forward to becoming a part of the community in Philadelphia.”

 

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