Telemus Joins Forces with Kovitz, Surpassing $10B AUM
CHICAGO, IL, March 1, 2024 - Telemus Capital, LLC (Telemus) has successfully merged with Kovitz Investment Group Partners, LLC (Kovitz), marking the completion of the first Kovitz Hub merger. The newly combined firm, now managing over $10 billion in assets, has over 160 employees strategically poised to serve high-net-worth individuals, families, and institutions across an expanded footprint, including Chicago and Detroit.
The union between Kovitz and Telemus capitalizes on their collective strengths and expertise, resulting in a comprehensive suite of wealth management solutions for their clients. Kovitz, headquartered in Chicago, operates as an independently-managed investment advisory firm with a focus on value-oriented wealth management. Telemus, based in Southfield, Michigan, stood as an independent wealth advisory firm.
"We are thrilled to welcome Telemus to the Kovitz family, a firm that shares our culture, values, and vision," said Mitch Kovitz, CEO and Co-Founder of Kovitz. "Joining forces will enhance our ability to serve our clients by giving us access to new resources, capabilities, and markets. Notably, our clients will now have access to Telemus’ insurance group and corporate executive services. We look forward to working with the talented team at Telemus to create a premier wealth management firm that delivers excellence for our clients and stakeholders."
“We are thrilled to join Kovitz, where we view this as an extraordinary opportunity for both our team and our clients,” said Lyle Wolberg, Co-Founder of Telemus. Wolberg will now serve as Principal and Senior Wealth Advisor at Kovitz. “This merger empowers us to enrich our client services significantly, while also introducing a broader spectrum of specialized solutions, including access to proprietary alternative investments. It also allows our team members to concentrate on their areas of expertise and opens up avenues for upward mobility, presenting our employees with unprecedented opportunities for personal and professional growth.”
Kovitz Investment Group Partners, LLC is an independently-managed investment adviser headquartered in Chicago, IL. Kovitz provides investment and wealth management solutions to high net worth individuals, institutions and private funds. Kovitz has been part of Focus Financial Partners since 2016. For more information about Kovitz, please visit www.kovitz.com.
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Marketing@Kovitz.com
Employee Data and AUM is as of 3/1/24. Numbers exclude AUA.
Telemus is a place where financial security is just the starting point. A place where you can identify and realize a more profound, more aspirational mission – to leverage your wealth to help you achieve your envisioned future. Through a deep and thoughtful exploration process with a unique team of experts, we help you define what financial and personal achievement means. By igniting a partnership with Telemus, we will help you attain personal life enrichment, your grandest visions, and your life’s most important goals. At Telemus, we have a different perspective on your financial life. When you take a seat at the Telemus Roundtable, you gain access to the most compelling conversations and inspired solutions for your financial future. We offer you a brand new, more holistic outlook far beyond just investment management which we know will serve as the inspiration for a more enriched life.
