Crain’s Cleveland Business recently covered the news that Rosemont Investment Partners is selling its minority stake in Clearstead Advisors, a Cleveland-based registered investment advisor with approximately $30 billion in assets under advisement and 110 employees.

Clearstead was originally founded in 1989 under the name Hartland & Co. In 2017, the firm recapitalized and accepted a minority investment of 32% from Rosemont. During its time with Rosemont, the firm rebranded itself as Clearstead as part of a company refresh and grew by $10 billion in total assets under management and advisement through a combination of organic growth and acquisitions.

Subscribers to Crain’s Cleveland Business can read the entire article here.