Abacus Takes Minority Stake In $18 Billion AuM Wealth Manager

Editorial Staff

13 March 2026

Abacus Global Management, a New York Stock Exchange-listed group, has taken a $53 million minority stake in an $18 billion AuM firm, Manning & Napier.

As part of the investment, the firms have entered a “strategic alliance agreement” to create mutual growth in three areas: distributing products, generating leads and referrals, and joint product development.

“Combined with our proprietary LifeARC data and actuarial capabilities, this partnership completes the Abacus flywheel – connecting our life solutions origination engine, our growing asset group, and now a dedicated wealth management channel,” Jay Jackson, Abacus CEO, said.

The equity investment, which is expected to close in the second quarter of this year, is subject to customary closing conditions, including regulatory approvals.

Dynasty Financial Partners acted as an exclusive financial advisor, and Latham & Watkins LLP acted as legal advisor to Abacus. Berkshire Global Advisors acted as the exclusive financial advisor, and Morgan, Lewis & Bockius LLP acted as legal advisor to Manning & Napier. Founded in 1970, Manning & Napier is headquartered in Fairport, New York with offices in Dublin, Ohio, Saint Petersburg, Florida, Seattle, and Washington.