---
title: "AMG affiliate myCIO divests advisor team managing about $5 billion in client assets for $24.5 million cash"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291413901.md"
description: "AMG affiliate myCIO divested an advisor team managing approximately $5 billion in client assets for $24.5 million in cash, received on June 30, 2026, with potential additional contingent proceeds. This move sharpens myCIO's focus on ultra-high-net-worth clients. AMG retains a majority equity stake in myCIO, which held about $16 billion in such assets as of March 31, 2026."
datetime: "2026-07-01T12:16:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291413901.md)
  - [en](https://longbridge.com/en/news/291413901.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291413901.md)
---

# AMG affiliate myCIO divests advisor team managing about $5 billion in client assets for $24.5 million cash

-   myCIO Wealth Partners divested an advisor team overseeing about $5 billion of client assets, sharpening focus on ultra-high-net-worth clients. \* AMG received cash consideration of about USD 24.5 million at closing on June 30, 2026; additional contingent cash proceeds possible. \* AMG retains a majority equity stake in myCIO, which had about USD 16 billion of ultra-high-net-worth client assets as of March 31, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AMG - Affiliated Managers Group Inc. published the original content used to generate this news brief on July 01, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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