Atlanta Capital Group and PFM Capital Holdings have merged to form a wealth management firm with more than US$1 billion under advisement, in an effort to meet the growing needs of high net worth individuals and families.
The merger will allow Atlanta Capital Group principal managing partners Jeffrey Shaver and Jody Young to focus on the continued growth of its private client services.
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The company noted the need for family office services is being driven by the number of families whose fortunes fall below the highest level, defined as more than US$100 million.
According to Family Wealth Alliance there are more than 100,000 families with between US$5 million and US$20 million in the United States.
Jeff Shaver, founding principal partner, Atlanta Capital Group, said: "PFM Capital Holdings has a similar client profile to ours, we know many of the families that have invested there well and we couldn’t be happier to be expanding what we think is the future of wealth advisory by growing our personalized private client services."
Atlanta Capital Group is a high-touch boutique advisory firm based in Atlanta, Ga. Atlanta-based PFM Capital Holdings is a private family office.
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