Crain’s Cleveland Business Reports on Rosemont’s Sale of Minority Stake in Clearstead Advisors

November 2, 2021

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.