The Private Wealth Management Group, an investment and financial planning firm based in Worcester, has acquired Winchester-based Harbor Trust Wealth Management.

The acquisition was closed 21 October 2013, according to Business Telegram.

Harbor Trust Wealth Management is a boutique investment firm which offers comprehensive wealth planning, investment advisory and asset management solutions to meet clients’ needs and objectives.

Jim Joyce CEO of Harbor Trust will remain with the firm’s Private Wealth Management Group as a senior vice president.