The Colony Group, Boston-based partner firm of Focus Financial Partners, has acquired Long Wharf Investors (LWI), an independent RIA with approximately US$200 million in client assets.
The acquisition is expected to boost Colony’s assets under management to US$3.75 billion.
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Upon completion of the deal, LWI principals Rod Macdonald and John Keller will move to the Colony team.
Founded in 1995, Long Wharf Investors offers wealth and investment management services to more than 125 high-net-worth (HNW) clients.
Macdonald said: "With Colony, we could achieve our objectives of joining a larger firm with many professionals, gaining access to vast resources, and better protecting our clients by accessing a built-in succession solution, all without compromising our core values and client-first philosophy.
"We know this combination with Colony will be seamless for our clients but, at the same time, will enhance the support and depth of expertise available to us in serving those clients," he added.
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By GlobalDataMichael Nathanson, CEO of The Colony Group, said: "The Long Wharf team shares our values and dedication to client service at the highest levels, which has greatly facilitated our combination."
Rajini Kodialam, managing director of Focus, said: "This partnership with LWI reinforces their commitment to growth and service excellence and demonstrates the value of the support and resources we bring to our partners."
Since 2011, Colony has tripled its assets under management, from US$1.2 billion to approximately US$3.75 billion.
