Grimes & Company, a registered investment adviser managing approximately $7 billion in assets, has acquired the tax practice of Needham, Massachusetts-based Stevens and Ciccone Associates and appointed Andrew Hamil as Chief Operating Officer.
The acquisition adds approximately 800 tax clients and an experienced tax team to Grimes while bringing tax planning and advisory capabilities in-house alongside the firm’s existing financial planning and investment management services.
The acquired practice will operate as S&C Tax Advisors. Grimes said it will continue supporting clients and advisors that maintain relationships with outside tax professionals while making integrated tax expertise available to clients who need it.
Hamil joins with more than 20 years of experience across wealth management, trust services, and estate planning. He previously served as President and Chairman of Wealth Enhancement Trust Services and as President and Chair of Fidelity Personal Trust Company.
He also held senior positions in Bank of America’s trust division and began his career as an attorney in Boston.
As COO, Hamil will oversee Grimes’ financial planning, insurance, tax, business operations, data and AI, and growth teams. He will also help lead future acquisitions, expand trust services, and scale the firm’s operational capabilities.
The developments follow Rise Growth Partners’ minority investment in Grimes in early 2025.
Grimes manages approximately $7 billion for roughly 3,000 households across all U.S. states.
KEY QUOTES:
“As our clients’ financial lives become increasingly complex, thoughtful tax planning has become an essential component of comprehensive wealth management. This addition allows us to deepen the resources available to our clients while maintaining the advisor flexibility that’s always been central to our approach. It’s an important step in continuing to build a firm that can meet clients’ evolving needs today and well into the future.”
Kevin Grimes, Chief Executive Officer of Grimes & Company
“For decades, our practice has been built on trusted relationships with clients, advisors and referral partners. Joining Grimes allows us to continue serving those relationships while gaining access to additional resources that will enhance the value we can provide. Equally important, Grimes shares the collaborative, client-first philosophy that has always defined our practice. As multi-generational, family-led firms, we are aligned not only in how we serve clients, but in the values that guide our business.”
Samantha Stevens, Partner at Stevens and Ciccone Associates
“What attracted me to Grimes was its commitment to delivering truly comprehensive advice while maintaining a deeply client-first culture. The firm’s continued investment in expanding its capabilities, including tax planning, creates tremendous opportunities to better serve clients while building an operational foundation that supports thoughtful, long-term growth.”
Andrew Hamil, Chief Operating Officer of Grimes & Company
“From the beginning, Grimes has had a clear vision for building a nationally recognized firm. Expanding into tax services and adding a seasoned executive like Andrew are meaningful investments in the firm’s future. Kevin and his team continue to execute on a thoughtful growth strategy that is strengthening Grimes’ ability to serve clients across the country.”
Joe Duran, Managing Partner of Rise Growth Partners
