Abacus Life to acquire FCF Advisors

Abacus Life , the only life settlement company that’s publicly traded, plans to acquire FCF Advisors, a New York-based asset manager and index provider specializing in free cash flow-focused investment strategies. The acquisition of FCF, which has approximately $600 million in assets under management, is aligned with Abacus’ ongoing expansion of ABL Wealth and its suite of products.

FCF has has pioneered the free cash flow quality model which serves as the foundation for the firm’s quantitative investment process. FCF Advisors has a suite of core and thematic free cash flow equity strategies and offers over 50 customizable free cash flow index strategies covering 8 global equities allocation categories available in separately managed accounts (“SMA”)/white label SMA and model delivery.

“We are excited to welcome FCF Advisors into the Abacus Life family. The addition of FCF Advisors will significantly expand our offerings within ABL Wealth, bringing us closer to our goal of delivering comprehensive, lifespan-based financial advisory services and products. This acquisition aligns perfectly with our vision of providing clients with holistic and tailored financial solutions throughout their lives.” – Jay Jackson, CEO of Abacus Life.

The transaction is expected to close in the fourth quarter of 2024.

Bottom Line: “Consequently, the assertion that “Every day in the US, 10,000 people turn 65” appears less impactful, given its decade-long occurrence, with expectations to persist for years,” as highlighted in our April report, Life Settlements: Analyzing the Market of Death Bonds.