Highline Media L.L.C., a leading provider of information for the insurance industry and other financial services industries, today announced that it has acquired Wealth Manager magazine from Bloomberg L.P. [@@]
Terms of the transaction were not disclosed.
“We are excited about the opportunities that owning Wealth Manager opens up to us,” says Andrew L. Goodenough, president and chief executive officer of Highline, New York.
“For a number of years, the product set and customer base at the Highline companies have expanded beyond a traditional insurance footprint, driven largely by the rise of annuities, an insurance company invention with both security and insurance attributes. Increasingly our customers have been in the broader spectrum of the financial services distribution chain, to include financial advisors, financial planners, investment managers and registered representatives.