Morgan Stanley Wealth Management to Buy Consultant Hyas Group
Posted on 08/11/2021
Portland, Oregon-based Hyas Group, LLC, an investment consulting firm, is being bought by a unit of Morgan Stanley Wealth Management. 20 Hyas Group employees are expected to remain with the firm and that the firm’s brand name will continue. The Hyas Group is structured as an Oregon Limited Liability Corporation and is 100% employee owned. Hyas Group was formed in 2008 and has only one line of business—institutional investment consulting.
Hyas Group provide services to 80 California plans with nearly US$ 15 billion of the firm’s US$ 28 billion in total client assets under advisement that was calculated in 2018.