RELEASE: iM Global Announces Strategic Investment Berkshire Asset Management

(Information sent by the signatory company).

RELEASE: iM Global Announces Strategic Investment Berkshire Asset Management

(Information sent by the signatory company)

PARIS, Dec. 19, 2022 /PRNewswire/ -- iM Global Partner, the world's leading network of asset managers, today announced the acquisition of a non-majority strategic stake in Berkshire Asset Management ("Berkshire"), which becomes the 9th iM Global Partner. Through this strategic partnership, Berkshire joins iM Global Partner's extensive family of global asset management and distribution network.

Wilkes-Barre, Pennsylvania-based Berkshire is an independent portfolio manager specializing in dividend-oriented US equity portfolios within its flagship Dividend Growth strategy. The company was founded in 1986* and is owned by its employees. The team prides itself on its sophisticated investment philosophy and process, focused on identifying multi-year and increasing dividend stocks before they are fully recognized by the market, through the company's future-oriented, bottom-up selection process.

It takes a customer-centric approach and offers high-quality service.

Berkshire had $3.96 billion in assets under management at the end of October 2022.

Berkshire Managing Partner and Chief Investment Officer Kenneth J. Krogulski said:

"We are excited to be part of iM Global Partner's global network of leading asset and wealth management firms. Partnership with iM Global Partner brings a wealth of experience to current and future Berkshire clients. Solidifies and increases longevity, consistency and structure of the Berkshire team, and enhances what we can achieve for our clients. Your investment is an incredible vote of confidence in our team, our investment process, and most importantly, our future."

Philippe Couvrecelle, CEO and Founder of iM Global Partner commented:

"We are delighted to welcome the Berkshire Asset Management team to iM Global Partner. They have a unique identity, like many of our other partners, and their focused, long-term value-oriented approach fits perfectly with the iM Global Partner ethos. Our success in attracting new partners is due to both our aligned mindset and our support of entrepreneurial spirit These characteristics and our minority position ensure that each of our partners retains their autonomy, philosophy and independence, which It allows us to drive mutual growth."

Media contact: media@imgp.com

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