Bogart Wealth, an independent, fee-only wealth management firm and registered investment adviser, has closed on a minority, long-duration investment from Constellation Wealth Capital, a strategic investor focused exclusively on wealth management businesses and multi-family offices.
The minority investment will be used to further enhance Bogart Wealth’s client services, technology solutions, recruitment initiatives, marketing activities, and broader growth efforts. The firm emphasized that it will remain proudly independent, with employees continuing to hold the overwhelming majority ownership of the business.
Based in McLean, Virginia, Bogart Wealth has experienced rapid organic growth over the past five years, more than quadrupling its assets under management. The firm now oversees approximately $3 billion in assets under advisement, including $2.7 billion in assets under management.
Alongside asset growth, Bogart Wealth has expanded its team, hiring 30 new staff members over the past five years. The firm has also launched its Advisor Growth Track, a professional development and training program designed to support both new and experienced advisors through mentorship within a collaborative, high-achieving RIA environment.
Constellation Wealth Capital said the investment aligns with its long-term strategy of partnering with scaled wealth management platforms and supporting their continued expansion.
Bogart Wealth serves corporate executives, professionals and families with comprehensive financial planning and wealth management services, focusing on helping clients preserve and maximize intergenerational wealth. As a registered investment adviser, the firm operates under a fiduciary standard requiring it to place client interests ahead of its own.
Support: Advisor Growth Strategies, an M&A advisory and management consulting firm for RIAs, served as transaction advisor to Bogart Wealth. Troutman Pepper Locke acted as legal counsel on the deal.
KEY QUOTES:
“We’re very excited to welcome Constellation Wealth Capital as partners in our mission to help clients achieve financial peace of mind by preserving and maximizing intergenerational wealth. The CWC team brings significant experience to our organization that will serve our team well and demonstrates our deep commitment to our clients and their families. This investment serves as a strong validator of our firm’s mission, vision, marketplace position, and growth trajectory.”
James Bogart, CFP, ChFC, Founder and CEO, Bogart Wealth
“We are thrilled to invest in a firm that has been on a path of rapid organic growth and is so committed to client success. We share Bogart Wealth’s mission and vision and are committed to investing in the firm for the long-term benefit of client families.”
Karl Heckenberg, President and Managing Partner, Constellation Wealth Capital
