Abacus Life Completes Acquisition of FCF Advisors
December 02 2024 - 3:01PM
Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a
pioneering global alternative asset manager specializing in
leveraging longevity data and actuarial technology to offer
uncorrelated investment opportunities, today announced it has
completed the acquisition of FCF Advisors (“FCF”), a New York-based
asset manager and index provider specializing in free cash
flow-focused investment strategies. The acquisition of FCF,
which currently has approximately $850 million in assets under
management, constitutes a significant milestone in Abacus’ ongoing
expansion of ABL Wealth and its suite of products.
“We are excited to complete this strategic
acquisition and welcome FCF Advisors to the Abacus Life family,”
said Jay Jackson, CEO of Abacus Life. “The addition of FCF Advisors
significantly expands our offerings within ABL Wealth, bringing us
even closer to our stated goal of delivering comprehensive,
lifespan-based financial advisory services and products. FCF aligns
perfectly with our strategy of providing clients with holistic and
tailored financial solutions throughout their lives.”
Over the past decade, FCF has become a
recognized leader in free cash flow analytics and research. The
firm has pioneered the free cash flow quality model, which serves
as the foundation for the firm’s quantitative investment
process. FCF Advisors has a suite of core and thematic free
cash flow equity strategies and offers over 50 customizable free
cash flow index strategies covering 8 global equities allocation
categories available in ETFs, separately managed accounts
(“SMA”)/white label SMA and model delivery.
About Abacus
Abacus is a pioneering global alternative asset
manager and market maker specializing in uncorrelated financial
products. The company leverages its proprietary, cutting-edge
longevity data and actuarial technology to purchase life insurance
policies from consumers seeking liquidity. This creates a
high-return asset class uncorrelated to market fluctuations for
institutional investors.
With nearly $3 billion in assets under
management, including recently-completed acquisitions, Abacus is
the only publicly traded global alternative asset manager focused
on lifespan-based financial products.
Abacus is expanding its leading expertise in
longevity and lifespan into new growth areas:
- ABL Wealth - Leverages decades of
data and proprietary algorithms to offer longevity-based wealth
management platforms that enable financial advisors to create
customized plans and provide access to uncorrelated
investments.
- ABL Tech - A groundbreaking
technology service that delivers advanced real-time data tracking
and analysis for pension funds, governments, insurance companies,
retirement associations, and more.
Through each new channel, Abacus is
revolutionizing the future of asset management and financial
planning, centered on longevity and lifespan.
www.Abacuslife.com
Contacts:
Investor Relations
Robert F. Phillips – SVP Investor Relations and Corporate
Affairsrob@abacuslife.com(321) 290-1198
David Jackson – IR/Capital Markets
Associatedjackson@abacuslife.com(321) 299-0716
Abacus Life Public
Relationspress@abacuslife.com
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