Associated Banc-Corp to acquire wealth management family services firm Whitnell & Co.
By a
Whitnell was founded in 1988 by
"The addition of this respected company adds a strong team to our
Whitnell will enhance Associated's ability to provide comprehensive financial services related to tax, charitable and estate planning. Whitnell also brings strong family office services capabilities to help families manage and conserve wealth for future generations.
"I believe our organizations possess a shared appreciation of the needs and goals of our clients," said
Management from the two firms has known each other for several years, providing a compelling opportunity to join complementary strengths.
"There are many aspects to this new partnership that support our expectations for success," said
As part of the proposed transaction, Whitnell will continue to operate as a subsidiary of Associated and retain the Whitnell brand.
"We know continuity of services matters to our clients," said Thonn. "Our decision to join with Associated, coupled with this thoughtful approach to integration, will help ensure continuity of our service model and that deep connections with our clients remain a priority as we work to expand the business going forward."
Whitnell has approximately
Associated will release 2017 third quarter financial results on
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