CW Advisors, a registered investment advisor (RIA) based in Boston, has announced it has acquired Capital Management Services (CMS) and CHB Investment Group, both of which are well-established companies located in Pennsylvania.
These firms specialize in providing comprehensive financial planning and investment management services to high-net-worth individuals, which aligns perfectly with CW Advisors’ mission to deliver exceptional financial guidance.
This strategic move adds an impressive $575 million in assets under management (AUM) to CW Advisors, enhancing its overall portfolio and client offerings. While the specific terms of these transactions, which finalized last month, haven’t been disclosed, the impact is clear—this acquisition marks a significant milestone for CW Advisors.
The acquisition of CHB is particularly noteworthy as it represents the firm’s first significant deal since being taken over by Osaic in August. This not only underscores CW Advisors’ ambition to expand its reach and capabilities but also highlights its commitment to providing top-notch services to its clients.
With these recent acquisitions, CW Advisors has now increased its total assets under management to an impressive $14.5 billion. Moreover, the firm has expanded its team to over 150 dedicated employees, all of whom work across 22 offices nationwide. This expanded infrastructure positions CW Advisors to serve its clients even more effectively, ensuring they receive the best financial advice tailored to their unique needs.
As CW Advisors continues to grow and evolve, the firm remains focused on its core values of client-centered service, integrity, and excellence in investment management.
Advisor: Gladstone Group facilitated the transaction with CHB.
KEY QUOTES:
“Joining forces with Osaic empowers us to deepen the value we deliver to our clients while maintaining the independence and high-touch service that define our firm. Our clients can only benefit from the expanded services now available to us as part of the Osaic family.”
“It is an exciting time at CWA. We are happy to have welcomed both the CMS and CHB teams to our firm in recent weeks. They bring a wealth of experience, and their client first focus is a natural fit with our firm’s culture. Their office locations expand our growing presence in Pennsylvania.”
CWA Chief Executive Officer Scott Dell’Orfano
“Joining the CWA team brings access to a larger platform, allowing us to expand our offering to clients while continuing to provide exceptional client service. We are excited for our future as part of CW Advisors.”
CHB Managing Director Chris Brashier
