CW Advisors announced that Catalina Capital Group has joined the Boston-based registered investment advisor, expanding the firm’s presence in the western United States and establishing its first office in Southern California. Catalina, a fee-only RIA based in Torrance, California, brings approximately $655 million in assets under management. Financial terms of the transaction were not disclosed.
The addition of Catalina strengthens CW Advisors’ growing national footprint and follows the firm’s acquisition of Rovin Capital earlier this year, which added offices in Utah and Arizona. With the transaction completed, CW Advisors now operates 24 offices nationwide, including two in California, employs more than 160 professionals, and manages more than $16 billion in client assets.
Catalina’s leadership team, including Managing Directors Chris Frantz, Philippe, and Bradd, will join the CW Advisors platform as part of the integration. The firms cited a shared client-focused culture and the opportunity to broaden capabilities and resources available to clients as key factors behind the partnership.
Boardwalk Financial Partners served as the strategic M&A consultant on the transaction.
CW Advisors is an SEC-registered investment management firm headquartered in Boston and a subsidiary of Osaic Holdings. The firm provides investment management, financial planning, family office, and wealth advisory services to high-net-worth and ultra-high-net-worth individuals, families, foundations, and endowments.
KEY QUOTES:
“Catalina has a track record of strong growth and exceptional client service. They will be a tremendous asset to our firm. We are delighted to welcome Chris, Philippe, and Bradd and their clients to CW Advisors.”
Scott Dell’Orfano, Chief Executive Officer, CW Advisors
“By joining forces with CWA, with whom we share a client-centric culture, we can expand our offering to clients, leveraging resources and expertise across the platform.”
Chris Frantz, Managing Director, Catalina Capital Group
