Cary Street Partners has entered into a definitive agreement to acquire Virginia Beach–based independent registered investment adviser Waypoint Advisors. Founded in 2001, Waypoint Advisors serves high-net-worth clients and foundations across the United States.
The combined firms will manage approximately $4 billion in assets and provide comprehensive wealth management solutions to individuals, families and institutions. The transaction is subject to certain regulatory closing conditions and is scheduled to close at the end of June.
