Lebenthal Wealth Advisors acquires Heckman Global Advisors
Lebenthal Wealth Advisors has acquired Heckman Global Advisors.
Founded in 1994 by Dr Leila Heckman (pictured), Heckman is an equity research firm that specialises in global equity allocation advisory, consulting and portfolio modelling services.
The acquisition enables Dr Heckman to reunite with two industry icons, Jeffrey Lane, chairman of the board of Lebenthal Holdings, and Frank Campanale, chairman and chief executive officer at Lebenthal Wealth Advisors.
The three worked together at Smith Barney, where Dr Heckman served as managing director responsible for global asset allocation.
Heckman focuses on a model-based approach to asset allocation across countries, regions and sectors in global equity markets and across industries in the US market.
Reporting directly to James B Lebenthal, chief investment officer at Lebenthal Asset Management, Dr Heckman, Vijay Kumar Chopra and John J Mullin will concentrate on running global equity modeling and research.
James Lebenthal says: “The acquisition is an exciting new chapter in the history of investing at Lebenthal. Historically, Lebenthal has consistently recognized the value and importance of equity diversification and believes that most of its clients should have some exposure to international developed and emerging market equities.”
Dr Heckman says: “The depth and breadth of our research and portfolio modelling output will provide Lebenthal’s advisors and wealth managers with some of the most sophisticated and institutional level research available in the industry empowering them with leading-edge tools and strategies to effectively manage the risk of their client’s portfolios.”
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