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  • Seller
  • Buyer
  • Type
  • Date Announced
  • Seller AUM
  • Grant, Tani, Barash & Altman
  • Wilmington Trust Corporation
  • Wealth Management Firms
  • April 5, 2004
  • N/A

Seller Details

Grant, Tani, Barash & Atlman, Inc. ("GTBA") is a Beverly Hills-based firm that provides comprehensive business management services to individuals, their families, and their companies. GTBA helps clients who seek professional office assistance to help them manage their wealth and lifestyle. Since its founding in 1992, GTBA has established a reputation for working with clients who demand the utmost in privacy, confidentiality, and discretion. GTBA's services, which are customized for each client, include accounting, bookkeeping, cash flow management, budgeting, tax planning, and insurance consulting. Should the need arise for expertise that is not available from GTBA's professional staff, the firm calls upon its extensive network of external specialists.

Buyer Details

Wilmington Trust Corporation is a financial services holding company that provides wealth management and specialized corporate services to clients throughout the United States and in more than 50 other countries, and commercial banking services throughout the Delaware Valley region. Its wholly owned bank subsidiary, Wilmington Trust Company, which celebrated its 100th anniversary in 2003, is the 15th largest personal trust provider in the United States. Wilmington Trust Corporation and its affiliates have offices in California, Delaware, Florida, Georgia, Maryland, Nevada, New York, Pennsylvania, Tennessee, the Cayman Islands, the Channel Islands and London, and other affiliates in Dublin and Milan.

Transaction Summary

Wilmington Trust Corporation ("WTC") has signed a definitive agreement to affiliate with Grant, Tani, Barash & Altman, Inc. ("GTBA"), a privately held, Beverly Hills-based firm that provides comprehensive business management services to affluent individuals, their families, and their companies. The acquisition broadens WTC's ability to serve clients and strengthens its presence in southern California . WTC anticipates GTBA continuing to operate as a separate subsidiary, with WTC and GTBA clients having access to all products and services offered by the combined entities.

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