Advantus Capital Management acquires NorthShore Advisors' assets
ST. PAUL, Minn.--(BUSINESS WIRE)--Advantus Capital Management, an institutional asset manager with $29 billion under management, announced today its May 1 acquisition of the client accounts of NorthShore Advisors, LLC, an asset management firm with $300 million under management located in Bloomington, MN.
“This acquisition adds several key local client relationships, including government operating portfolios, and expands our investment strategy expertise,” said Chris Sebald, president, Advantus Capital Management. “NorthShore is a fundamental investor, and their philosophy is very well aligned with Advantus.”
Jane Wyatt, CFA, one of NorthShore’s principals, will join Advantus as a client portfolio manager. She will continue to manage client relationships as well as contribute to the overall fixed income strategy approach at Advantus.
“Advantus provides a great cultural fit for NorthShore’s clients,” said Wyatt. “I will be able to deliver a broader set of capabilities while knowing my clients will continue to receive the excellent service they've come to expect.”
About Advantus Capital Management
Founded in 1984, Advantus Capital Management is an institutional asset manager specializing in public and private fixed income, private placements, real estate securities and other income-oriented equity strategies. Investment professionals at Advantus average 21 years in the industry and 86 percent of them hold CFAs, advanced degrees or both. Advantus is a subsidiary of Securian Financial Group, one of the nation’s largest and most highly rated financial services companies.