NEW YORK, N.Y., Dec. 8, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Lebenthal Asset Management, the asset management division of Lebenthal Holdings, LLC, announced today the acquisition of Atlanta-based Aurora Investment Counsel, an SEC-registered investment advisor. Terms of the transaction were not disclosed.
Aurora Investment Counsel, which oversees more than $250 million in client assets, is a core equity manager that offers asset management for foundations, endowments, corporations, public funds, Taft-Hartley plans and individuals. Led by President and Portfolio Manager David Yucius, Jr., CFA, and Director of Marketing Michael T. Doyle, Aurora seeks consistent growth of principal with relatively low volatility using a "Growth At the Right Price," or GARP, strategy.
"David and Mike have built a terrific business at Aurora, and we are pleased they have decided to join forces with us," said James B. Lebenthal, President and Chief Investment Officer of Lebenthal Asset Management. "As we continue to grow our company, it is imperative we align ourselves with finance professionals with integrity, ethics and investment skills. I believe that David and Mike and the rest of the Aurora team will enhance the Lebenthal culture and tradition of providing excellent client service and performance."
Aurora has invested for 19 years in a disciplined, risk conscious manner and has experience delivering separate account management. David Yucius commented, "We are excited to be able to build off of the added strengths of Lebenthal's personnel, and also to see Aurora's investment approach become deliverable to a broader audience via Lebenthal's platform and product extensions."
Mr. Doyle added. "We have always strived to deliver the best possible client experience, in terms of service and long-term investment returns. Being able to continue our boutique service traditions and offer our capabilities to a broader range of clientele is an inspiring opportunity."
About Lebenthal Asset Management
Lebenthal Asset Management is the asset management division of Lebenthal Holdings, LLC, the venerable New York-based firm that provides a broad range of wealth management, asset management and capital markets products and services to institutional and retail clients. Lebenthal Asset Management manages taxable and tax-free municipal bond portfolios, equity portfolios and international equity portfolios for high net worth individuals, institutions and non-profit organizations. The Heckman Global Group division of Lebenthal Asset Management is the independent research unit of Lebenthal Asset Management. Further information about Lebenthal Asset Management can be found at http://www.lebenthal.com . Lebenthal Asset Management, LLC is an SEC registered investment advisor.
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I-Impact Group, Inc. Claudio Pannunzio (203) 532-5881
