Wealthspire
Wealthspire, a wealth and business management and advisory firm interviewed by this news service, has acquired a London-based business, Black Frame Consulting.
The acquisition, which builds on Ground Control’s existing presence in the UK, was made via Wealthspire’s Ground Control Business Management. The financial terms were not disclosed.
Black Frame provides business management services, including bill pay, bookkeeping, invoicing, credit control, and tax consulting and preparation. Led by managing director Amanda Barnett, the firm supports entertainment professionals with the financial and administrative needs associated with their careers. Barnett will continue to lead Black Frame’s seven-person team.
“Working in the entertainment industry brings a distinct set of financial demands, and Black Frame has experience helping clients navigate them,” Mike LaMena, chief executive officer of Wealthspire, said. “That expertise adds a valuable dimension to Ground Control’s service of these professionals through every stage of their careers.”
In May, Wealthspire announced that it had agreed to buy Fi3 Advisors, an Indianapolis-based boutique advisory firm with about $1.2 billion in assets under management. In early March, it launched Wealthspire Family Office.
In March, Oliver Pursche , a senior advisor at Wealthspire spoke to this news service about his advice to Americans looking to move abroad, either permanently or temporarily. His book on the topic, published in 2013, is entitled Immigrants: Unleashing the Economic Force at Our Door.
Oliver Pursche