{"id":787364,"date":"2023-10-02T10:16:15","date_gmt":"2023-10-02T14:16:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/globalt-and-synovus-complete-transaction-to-make-globalt-independent-entity\/"},"modified":"2023-10-02T10:16:15","modified_gmt":"2023-10-02T14:16:15","slug":"globalt-and-synovus-complete-transaction-to-make-globalt-independent-entity","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/globalt-and-synovus-complete-transaction-to-make-globalt-independent-entity\/","title":{"rendered":"GLOBALT and Synovus complete transaction to make GLOBALT independent entity"},"content":{"rendered":"

<\/p>\n

GLOBALT and Synovus complete transaction to make GLOBALT independent entity<\/b><\/p>\n

ATLANTA–(BUSINESS WIRE<\/a>)–
\nGLOBALT Investments LLC and Synovus Financial Corp. (NYSE:SNV) today announced the completion of a transaction through which the leadership team of GLOBALT has purchased the firm from Synovus and now operates as an independent entity.<\/p>\n

\nLed by President William H. Roach Jr., GLOBALT is now an independent provider of managed exchange-traded fund (ETF) and equity portfolios that help advisors and institutions manage ongoing changes in the global marketplace. As part of this transaction, GLOBALT\u2019s entire executive leadership team will remain with the firm, ensuring continuity and the same focus on client service and investment performance that has marked the first 32 years of the GLOBALT story. The firm operated independently before its acquisition by Synovus in 2002. Gary Fullam, chief investment officer and one of the firm\u2019s founders, continues to lead the investment management team.<\/p>\n

\n\u201cOur relationship with Synovus, which has grown and thrived over the past two decades, remains strong, and my colleagues and I look forward to continuing to build on all that our respective teams have accomplished on behalf of so many Synovus clients,\u201d said Roach. \u201cDiversity has been and continues to be a defining pillar of the organization, and ownership reflects that commitment. As we embark on the next stage of our growth story, my GLOBALT colleagues and I could not be more excited about the opportunities to expand our relationships and deliver our differentiated ETF solutions to a broader range of financial advisors, institutions and individuals.\u201d<\/p>\n

\n\u201cWe believe GLOBALT has a strong future as an independent investment advisor, enabled to explore a wide range of additional partners and potential client relationships,\u201d said Synovus Chairman, CEO and President Kevin Blair. \u201cOur working relationship with the GLOBALT team provided valuable expertise to our clients, and we look forward to our continued partnership and their success.\u201d<\/p>\n

\nFounded in 1991, GLOBALT has built a strong reputation for providing risk-controlled, diversified portfolios of ETFs and equities to its clients, which range from financial advisors to small, mid-sized and large institutional investors. The firm was among the first to build a suite of asset allocation strategies constructed solely using ETFs and trademarked the innovatETF Strategies\u00ae<\/span> brand in 2003.<\/p>\n

\nAs of Sept. 30, 2023, the firm has nearly $3 billion in assets under management and 32 years of experience, making it one of the longest-tenured firms in the ETF-managed portfolio space, with solutions available across a range of leading platforms, including Envestnet and others.<\/p>\n

\nThe transaction officially closed on Sept. 30, 2023. Specific terms are not being disclosed.<\/p>\n

\nFor more information, please visit globalt.com<\/a>.<\/p>\n

About GLOBALT Investments<\/b><\/p>\n

\nGLOBALT Investments was founded in 1990 and federally registered with the SEC in 1991. The firm is a Registered Investment Adviser offering advisory services to institutions and individuals by way of Separately Managed Accounts, Wrap Fee Programs, and Model Portfolios. GLOBALT is a leader in building portfolios that focus on the changes in the global marketplace. For more information, please visit globalt.com<\/a>.<\/p>\n

About Synovus Financial Corp.<\/b><\/p>\n

\nSynovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $61 billion in assets. Synovus provides commercial and consumer banking and a full suite of specialized products and services, including private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus has branches in Georgia, Alabama, South Carolina, Florida and Tennessee. Synovus is a Great Place to Work-Certified Company<\/a> and is on the web at synovus.com<\/a> and on Twitter<\/a>, Facebook<\/a>, LinkedIn<\/a> and Instagram<\/a>.<\/p>\n

Cautionary Statement Regarding Forward-Looking Information<\/b><\/p>\n

\nThis press release contains statements that constitute \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, Synovus\u2019 expectations or predictions of future financial or business performance or conditions. Forward-looking statements are typically identified by words such as \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201ctarget,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201cpositions,\u201d \u201cplan,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cforecast,\u201d \u201cguidance,\u201d \u201cgoal,\u201d \u201cobjective,\u201d \u201cprospects,\u201d \u201cpossible,\u201d or \u201cpotential,\u201d by future conditional verbs such as \u201cassume,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201ccould\u201d or \u201cmay\u201d, or by variations of such words or by similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made and we assume no duty to update forward-looking statements. Actual results may differ materially from those contemplated by such forward-looking statements.<\/p>\n

\nThese forward-looking statements are made to provide the public with management\u2019s current expectations with regard to foregoing transaction. Although Synovus believes the expectations reflected in forward-looking statements are reasonable, there can be no assurances such expectations will prove to be accurate. Security holders are cautioned such forward-looking statements involve risks and uncertainties. Certain factors may cause results to differ materially from those anticipated by the forward-looking statements made in this release. Such factors may include, without limitation, the risks and uncertainties discussed and described in (i) Synovus\u2019 annual report on Form 10-K filed with the Securities and Exchange Commission (the \u201cSEC\u201d) on February 24, 2023, including the risks described in Part 1, Item 1A, \u201cRisk Factors\u201d thereof, and (ii) the other reports filed with the SEC. Many of these risks and uncertainties are beyond the ability of Synovus to control, nor can Synovus predict, in many cases, all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. The forward-looking statements contained in this release speak only as of the date of this release, and the Company expressly disclaims any obligation or undertaking to report any updates or revisions to any such statement to reflect any change in the Company\u2019s expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20231002002420\/en\/<\/a><\/span><\/p>\n

\nChris Sullivan
\n
Craft & Capital
\n
(212) 473-4442
\n
chris@craftandcapital.com
\n<\/a><\/p>\n

Audria Belton
\n
media@synovus.com<\/a><\/p>\n

KEYWORDS:<\/b> Georgia United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Finance Consulting Banking Professional Services Asset Management<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

GLOBALT and Synovus complete transaction to make GLOBALT independent entity ATLANTA–(BUSINESS WIRE)– GLOBALT Investments LLC and Synovus Financial Corp. (NYSE:SNV) today announced the completion of a transaction through which the leadership team of GLOBALT has purchased the firm from Synovus and now operates as an independent entity. Led by President William H. Roach Jr., GLOBALT is now an independent provider of managed exchange-traded fund (ETF) and equity portfolios that help advisors and institutions manage ongoing changes in the global marketplace. As part of this transaction, GLOBALT\u2019s entire executive leadership team will remain with the firm, ensuring continuity and the same focus on client service and investment performance that has marked the first 32 years of the GLOBALT story. The firm … <\/p>\n

Continue reading “GLOBALT and Synovus complete transaction to make GLOBALT independent entity”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-787364","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGLOBALT and Synovus complete transaction to make GLOBALT independent entity - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/globalt-and-synovus-complete-transaction-to-make-globalt-independent-entity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GLOBALT and Synovus complete transaction to make GLOBALT independent entity - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"GLOBALT and Synovus complete transaction to make GLOBALT independent entity ATLANTA–(BUSINESS WIRE)– GLOBALT Investments LLC and Synovus Financial Corp. (NYSE:SNV) today announced the completion of a transaction through which the leadership team of GLOBALT has purchased the firm from Synovus and now operates as an independent entity. Led by President William H. Roach Jr., GLOBALT is now an independent provider of managed exchange-traded fund (ETF) and equity portfolios that help advisors and institutions manage ongoing changes in the global marketplace. As part of this transaction, GLOBALT\u2019s entire executive leadership team will remain with the firm, ensuring continuity and the same focus on client service and investment performance that has marked the first 32 years of the GLOBALT story. 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