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In January 2020, Avenir Private Advisors, an SEC registered investment advisor, was succesfully sold by its parent company to an established industry player, Lebenthal Global Advisors.
Following the sale, the Company renounced its investment advisor status and exited the business.
Important Notice. In October 2021, nearly 20 months after it was sold, Avenir Private Advisors and its prior ownership, were mentioned in an article in the Miami Herald as being under investigation by the SEC and the US Department of Justice. The article was written by Jay Weaver, a journalist well known for anti-establishment anti-financial firm bias.
This false story was peddled by a disgruntled former contractor, who was terminated for abusive behavior to employees / working against the interests of the company. It was amplified by his contingency lawyers and was reported as is by the newspaper.
It was immediately proven to be absolutely false, libelous and defamatory.
Avenir ownership subsequently successfully pursued the newspaper and its owners for defamation. The Miami Herald admitted that it did not have any formal evidence there was a formal DOJ investigation of Avenir or its principals.
Avenir detailed all the false and defamatory claims and factual inaccuracies in a press release in November 2021. That release can be downloaded below.
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