Highline Media, parent company of National Underwriter and the NU Online News Service, acquired Wealth Manager magazine today from Bloomberg L.P. Terms of the deal were not disclosed.
With the magazine, Highline acquired the Web rights to Wealth Manager and a companion book series.
"Increasingly our customers have been in the broader spectrum of the financial services distribution chain, to include financial advisors, financial planners, investment managers and registered representatives," said Andrew L. Goodenough, president and CEO of Highline.
"Wealth Manager, with its superb reputation in the marketplace among the most sophisticated financial advisors, gives us a powerful entr?e to this select group," he added. "We intend to continue the fine tradition of the magazine==especially with its unparalleled quality of editorial content and graphics presentation==here at Highline."
Wealth Manager now reports to Thomas A. Fowler, vice president and group publisher of the Financial Magazine Division at Highline, which also includes National Underwriter. The magazine's staff will be moving to Highline's offices in Hoboken, N.J. by mid-October.
Richard Koreto has been named editor of Wealth Manager, effective with the November issue. This is in addition to Mr. Koreto's responsibilities as editor of Advising Boomers, a quarterly magazine launched by Highline in May 2005, aimed at the broad spectrum of financial professionals advising the Baby Boom generation.
Mr. Koreto was formerly executive editor of Financial Planning.
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