McKinsey Is Selling Most of Its In-House Wealth Business to Neuberger Berman
Barrons·2026-02-10 21:12
Core Viewpoint - McKinsey is selling the majority of its $26 billion in-house wealth management business to Neuberger Berman, following a comprehensive review and concerns regarding conflicts of interest related to its consulting operations [1]. Group 1 - The transaction involves the transfer of the bulk of McKinsey's wealth management business, which is valued at $26 billion [1]. - The deal is anticipated to be finalized later this year [1].