CW Advisors (CWA), a registered investment adviser (RIA) headquartered in Boston, announced it has acquired Capital Management Services (CMS) and CHB Investment Group. CMS and CHB, both located in Pennsylvania, provide financial planning and investment management services to high-net-worth individuals. The deals add $575 million in assets under management to CWA. Terms of the transactions, which closed in August, are not disclosed.
The acquisition of CHB marks CW Advisors’ first deal since being acquired by Osaic in August. Following the acquisitions, CWA now has $14.5 billion in AUM, more than 150 employees and 22 offices across the country.
Gladstone Group facilitated the transaction with CHB.
