- Grimes & Company was founded by Timothy Grimes and is now led by son Kevin Grimes
- Grimes & Company LLC manages close to $5.7 billion in assets
Rise Growth Partners, which is backed by Charlesbank Capital Partners, has made a minority investment in Grimes & Company, a Massachusetts-based wealth management firm. No financial terms were disclosed.
Rise Growth Partners is an Austin-based financial partner for investment advisors.
Grimes & Company was founded by Timothy Grimes and is now led by son Kevin Grimes.
“Grimes has built an incredible business by delivering truly bespoke investment portfolios at scale, something rare in an industry dominated by model-driven approaches,” said Joe Duran, managing partner at Rise in a statement. “We see a tremendous opportunity to partner with investment-centric firms that value centralized planning and growth while maintaining the flexibility of customized portfolios.”
Grimes & Company LLC manages close to $5.7 billion in assets.
