PR99246

PARIS, Dec 18, 2022 /PRNewswire=KYODO JBN/ --

iM Global Partner, a leading global asset management network, today announced

the acquisition of a strategic, non-controlling stake in Berkshire Asset

Management (“Berkshire”), which becomes iM Global Partner’s 9th Partner.

Through this strategic partnership, Berkshire joins iM Global Partner’s

extensive global asset management family and distribution network.

Located in Wilkes-Barre, Pennsylvania, Berkshire is an independent investment

advisor specialized in dividend-focused US equity portfolios through its

flagship Dividend Growth strategy. The company was formed in 1986* and is

employee owned. The team prides itself on its exacting investment philosophy

and process and focuses on identifying perennial dividend growers before they

are fully recognized by the market, using a forward-looking, bottom-up

selection process.

Berkshire has a client-centric approach and offers high-quality client service

and it managed US$3.96 billion in assets under advisement as at end October

2022.

Managing Partner and Chief Investment Officer of Berkshire, Kenneth J.

Krogulski, said:

“We are extremely excited to be part of iM Global Partner ’s world class

network of leading asset and wealth management firms. The partnership with iM

Global Partner brings a wealth of expertise to existing and future Berkshire

clients. It solidifies and increases the longevity, consistency and structure

of the Berkshire team, and enhances what we can achieve for our clients. Their

investment is an incredible vote of confidence in our team, our investment

process and importantly our future.”  

Philippe Couvrecelle, CEO and Founder of iM Global Partner commented:

“We are delighted to welcome the Berkshire Asset Management team into the iM

Global Partner fold. They have a unique identity, like many of our other

Partners, and their concentrated, long-term value-oriented approach perfectly

fits the iM Global Partner ethos. Our success in attracting new Partners is

down to both our aligned mindsets and our support for entrepreneurialism. These

characteristics and our minority position  ensure that each of our Partners

retain their autonomy and independence, and this enables us to fuel each

other’s growth.”

Jeff Seeley, Deputy CEO – CEO iM Global Partner Fund Management added:

“Berkshire Asset Management has an exceptional reputation with clients and

financial advisors nationwide in the US and we look forward to partnering with

them to introduce their strategies moving forward. Their focus to

conservatively grow capital for clients, while striving to offer a safe and

growing income stream, provides the opportunity for investors to diversify –

and indeed complement – other parts of their asset allocation.”

Public media contact: media@imgp.com

Source: iM Global Partner