CW Advisors, a registered investment adviser (RIA) headquartered in Boston, has announced it has acquired Wolf Group Capital Advisors (WGCA) and Parsons Capital Management.
WGCA, an RIA based in Fairfax, Va., provides wealth management to high-net-worth clients. Parsons, a fee-only RIA providing investment management and financial planning, is located in New Hope, Pa. The deals add more than $1.4 billion in assets under management (AUM) to CWA. Terms of the transactions were not disclosed.
Following the acquisitions, CWA has 17 offices across the country, more than 140 employees and more than $13 billion in AUM. The Fairfax location becomes the second CWA office in Virginia, and the New Hope office adds to CWA’s presence in Pennsylvania, joining the Bethlehem and Wynnewood locations.
