No financial terms regarding the acquisition, which is subject to regulatory approval, were disclosed.
The seller was the Swiss-based public company, EFG International, which has operations in more than two dozen countries.
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At the end of June 2012, EFG International had managed Swiss Francs 76.5 billion of assets.
EFG acquired the Bull Wealth Management Group of Companies in 2007, seven years after it was formed. The Bull Group has about US$1 billion under management.
The merged entity will have about US$2.5 billion of AUM in total, which consists of assets of about 150 clients.
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