Rockefeller Capital Management has agreed to acquire Greer Anderson Capital, a Connecticut-based private investment manager tending to UHWIs.

The deal, whose financial terms were not disclosed, is subject to customary closing conditions.

Founded in 2008, Greer Anderson is headed by Philip Greer and Gary Anderson. As part of the deal, the pair will migrate to Rockefeller Global Family Office.

“By becoming part of Rockefeller, we will join a firm with values similar to our own, and with capabilities that align well with our clients’ needs. Phil and I look forward to joining the Global Family Office, contributing to its long legacy of service to successful families,” Anderson stated.

Anderson has been the CIO and managing partner at Greer Anderson since its inception.

Greer, the co-founder of the business, previously was the founder and senior managing partner at Weiss Peck & Greer that was later sold to Robeco.

Rockefeller president and CEO Gregory Fleming said: “This is Rockefeller’s first acquisition and illustrative of our strategy to add companies that serve similar clientele with the finest thinking, advice and service,”

“Phil Greer and Gary Anderson have had long, accomplished careers and will add considerable value to our growing team.”

Rockefeller provides family office, wealth management, asset management and advisory services through branches in New York, Boston, Washington, DC, Salt Lake City, and Wilmington, Delaware. The business managed around $18.6bn in assets at the end of September 2018.