The Mutual Fund Store, a Kansas City-based nationally-branded investment advisor focusing on the mass affluent customer, ha received a private equity investment of undisclosed amount from Warburg Pincus.
The company, which will continue to be run by founder and CEO Adam Bold and his management team, intends to use the proceeds from the investment to further expand and develop its operations.
Founded in 1996, the Mutual Fund Store delivers independent fee-only investment advice to clients in more than 70 company-owned and franchised stores across the U.S. and a nationally syndicated radio program, called “The Mutual Fund Show”.
Morgan Stanley & Co, LLC served as financial advisor and Bryan Cave LLP served as legal advisor to the company. Wachtell Lipton Rosen & Katz and Wilkie Farr & Gallagher served as legal advisors and Ernst & Young provided accounting diligence support for Warburg Pincus.