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February 19, 2014updated 04 Apr 2017 2:29pm

Steward Partners buys Abry Advisors

Steward Partners, an investment holdings company in the US, has acquired Abry Advisors, a New York City based financial services consulting firm, in a private transaction.

By Verdict Staff

Steward Partners, an investment holdings company in the US, has acquired Abry Advisors, a New York City based financial services consulting firm, in a private transaction.

The deal includes all client relationships, databases, and corporate consulting programs.

Abry’s founder and CEO Scott Abry will become CEO of the newly combined entity, Steward Partners Consulting Solutions (SPCS).

Also, Ross Marzarella will move from Steward Holdings to become COO of SPCS.

"The new firm, Steward Partners Consulting Solutions, will create great synergies and provide Corporate, RIA, and Retail clients a one of a kind experience centered on SPCS’ comprehensive knowledge of the Financial Services world and the emerging RIA space," Steward Partners said in its press release.

Commenting on the deal, Mike Maurer, CEO and founding partner of Steward, said: "The opportunity to acquire Abry Advisors was one we could not pass up. Even though we’ve been very busy, the chance to work with Scott and his A list of corporate clients and top financial advisors was compelling, and enabled us to launch SPC with a great base of customers and contacts, and to cater to markets and a clientele that we can’t reach at Steward."

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