Investing
Member of Nobel Family Invests in US Wealth Firm
- Fourcore plans to buy larger rivals following the investment
- Consortium led by Peter Nobel investing as much as $25 million
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A member of the Nobel family is backing a US wealth management firm that’s seeking to scale up through acquisitions.
A relative of Alfred Nobel, the inventor of dynamite and founder of the annual prizes, are among a group of investors partnering with executives at wealth-manager Cardea to create a rebranded firm named Fourcore Capital, the company said Wednesday in a statement.