Piedmont

FIS Group's acquisition forms one of the largest U.S. African American-owned investment firms
FIS Group's acquisition forms one of the largest U.S. African American-owned investment firms

Philadelphia’s FIS Group agreed to acquire Piedmont Investment Advisors LLC, a 21-person firm based in Durham, NC. With the acquisition, FIS will have a combined $10 billion in assets, making it one of the biggest U.S. African American-owned investment companies. Employees from both groups will...