GW&K manages approximately $5 billion for small to mid-sized institutions and high net worth individuals, offering both fixed income and equity portfolio management services.
The firm’s fixed income management style, which focuses on capital preservation and tax-advantaged returns for individually managed accounts, will expand the alternatives in this area for BoNY’s clients, while GW&K’s current clients will be able to access the full array of The Bank of New York’s products and services.
The addition of GW&K to BNY Asset Management increases the group’s assets under management to approximately $72 billion.
Terms of the deal were not disclosed.
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