Key Takeaways
- • CW Advisors, a Boston-based registered investment advisor, acquired three firms, adding $1.6 billion in assets under management (AUM) and bringing total firm AUM to more than $19.7 billion.
- • The deals bring CWA to 30 offices nationwide, adding five offices including its first Texas locations in The Woodlands and League City.
- • The Peddock transaction included Peddock Tax Services, LLC, a full-service tax practice, expanding the services CWA offers clients.
- • Acquired firms are Yosemite Capital Management, Threadgill Financial, and Peddock Capital Advisors; Boardwalk Financial Partners facilitated the Yosemite and Threadgill deals and Gladstone Associates represented Peddock.
- • CW Advisors is a subsidiary of Osaic Holdings, Inc., and the deals were announced as part of its growth in key wealth centers on both coasts.
Summary
Boston-based CW Advisors, LLC ("CWA"), a registered investment advisor, has acquired Yosemite Capital Management, LLC ("Yosemite"), Threadgill Financial, LLC ("Threadgill"), and Peddock Capital Advisors, LLC ("Peddock"), according to a Business Wire announcement. The three transactions add $1.6 billion in assets under management. Following the deals, CWA operates 30 offices nationwide and oversees more than $19.7 billion in AUM.
The Peddock transaction also included Peddock Tax Services, LLC, a full-service tax practice intended to give clients enhanced access to additional tax resources. The acquisitions add five offices to CWA's footprint, including its first Texas locations in The Woodlands and League City. Offices in Newport Beach and Fresno, California, and Braintree, Massachusetts, further strengthen the firm's presence on both coasts.
Scott Dell'Orfano, Chief Executive Officer of CW Advisors, said the acquisitions reflect the firm's commitment to thoughtful growth in key wealth centers, bringing on talent dedicated to white-glove client service. Paul Heckler, Managing Director of Yosemite, said joining CWA gives the firm access to expanded technology and tools. Peter Simmons, Chief Executive Officer of Peddock, cited the added support and access to CWA's platform as factors that appealed to the firm.
Gladstone Associates, LLC represented Peddock in the transaction, while Boardwalk Financial Partners, LLC facilitated the Yosemite and Threadgill transactions. Shad Besikof, Founder and CEO of Boardwalk Financial Partners, said CW stood out for its cultural fit and business alignment, and that the deals allow sellers' local entrepreneurial spirit to endure after the transaction.
CW Advisors is a subsidiary of Osaic Holdings, Inc., an SEC-registered investment management firm headquartered in Boston that serves high-net-worth and ultra-high-net-worth individuals, families, foundations, and endowments, including specialized family office services.
The Peddock transaction also included Peddock Tax Services, LLC, a full-service tax practice intended to give clients enhanced access to additional tax resources. The acquisitions add five offices to CWA's footprint, including its first Texas locations in The Woodlands and League City. Offices in Newport Beach and Fresno, California, and Braintree, Massachusetts, further strengthen the firm's presence on both coasts.
Scott Dell'Orfano, Chief Executive Officer of CW Advisors, said the acquisitions reflect the firm's commitment to thoughtful growth in key wealth centers, bringing on talent dedicated to white-glove client service. Paul Heckler, Managing Director of Yosemite, said joining CWA gives the firm access to expanded technology and tools. Peter Simmons, Chief Executive Officer of Peddock, cited the added support and access to CWA's platform as factors that appealed to the firm.
Gladstone Associates, LLC represented Peddock in the transaction, while Boardwalk Financial Partners, LLC facilitated the Yosemite and Threadgill transactions. Shad Besikof, Founder and CEO of Boardwalk Financial Partners, said CW stood out for its cultural fit and business alignment, and that the deals allow sellers' local entrepreneurial spirit to endure after the transaction.
CW Advisors is a subsidiary of Osaic Holdings, Inc., an SEC-registered investment management firm headquartered in Boston that serves high-net-worth and ultra-high-net-worth individuals, families, foundations, and endowments, including specialized family office services.
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