Abacus invests $53M in Manning & Napier strategic alliance
Abacus Global Management completed a minority equity investment of approximately $53 million in Manning & Napier, establishing a strategic partnership to combine longevity data and actuarial expertise with wealth management services. The alliance positions both firms to develop enhanced financial planning solutions leveraging Abacus's LifeARC technology and Manning & Napier's $18 billion AUM platform.
AI-generated summary for informational purposes only. Always verify against the original filing. Not investment advice. BriefTape is not a registered investment adviser.
Get real-time financial news in your trading bot or app
GET FREE KEY — 10,000 calls/day