Boston Advisors has agreed to acquire the assets of Weyland Capital Management, a New Hampshire-based investment advisory firm that oversees $175m of multi-asset portfolios for about 130 clients nationwide.
The combined entity will manage about $4.8bn in assets for more than 500 clients domestically and internationally.
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Following the acquisition, Weyland’s clients will join Boston Advisors' private advisory group that caters to affluent clients with customised and institutional-caliber investment programs.
Boston Advisors president and CIO said: "The heart of this combination lies in our commonality of approach to the investment markets and how we serve our clients.
"We are thrilled to find a boutique firm with the level of investment acumen that Weyland brings. In addition, their long and deep client relationships are truly terrific.”
The deal, expected to be completed by the end of September, will support succession planning for Weyland's CEO Polly Henkel, Boston Advisors said in a statement.
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By GlobalData“Boston Advisors sees the value of our investment model — so much so they will make it a core part of their firm's private client strategy. For me, as CEO and a Weyland investor, they were the clear choice to shepherd our firm and investors into the future," Henkel said.
