Prumentum Group raises $25 mln from family offices

The Prumentum Group, which provides wealth management services, announced it has raised $25 million in Series A funding from family offices, including the Fremont Group and the Cynosure Group. As part of its launch, Prumentum Group also announced the acquisition of a significant equity stake in Plancorp LLC, a registered investment advisory that already has $3.6 billion in assets. The Prumentum Group was founded by former Cisco executive Marthin De Beer and serial entrepreneur Robert Wallace.

Source: Company announcement