M&A
Pathstone
The family office has bought Wyoming-based trust company Willow Street for an undisclosed sum,
Together, the combined firm will serve the complex needs of multigenerational families.
As part of the deal, Willow Steet’s six partners will all become shareholders in Pathstone and maintain their current leadership roles at Willow Street.
In addition, Phillip Harrington will retain his role as chairman and chief executive of Willow Street and serve as a member of Pathstone’s executive leadership team.
Willow Street’s sole focus will continue to be trust and fiduciary services, thereby maintaining its role as a pure fiduciary.
The combination brings Pathstone’s total assets under advisement or administration (AUA) to approximately $75bn (£61bn, €71bn). The firm’s footprint now spans 16 office locations and 335 team members, of whom more than 150 are shareholders of the firm.
Mercer Advisors
The advice firm has acquired wealth manager Regis for an undisclosed sum.
Regis focuses on serving the complex needs of ultra-high net worth clients, multigenerational families, and foundations and endowments. The firm serves clients nationwide and has offices in San Francisco and Menlo Park.
The wealth manager was co-founded by managing partner Robert Burlinson in 2000.
Perigon Wealth Management
The independent wealth management firm has acquired Connecticut-based Nauset Wealth Management.
Nauset is a four-person advice firm founded by Michael Lombardo.
Lombardo and financial adviser David Bauer will both join the firm as partners and wealth advisers.
The financial terms of the deal were not disclosed.
Wealth Enhancement Group
The wealth manager has bought California-based Ginsburg Financial Advisors for an undisclosed sum.
Ginsburg Financial Advisors oversees more than $237m in client assets with a team of two advisers and four support staff, led by president Larry Ginsburg.
HoyleCohen
The San Diego-based Focus Financial partner firm has agreed to buy Davis & Seiley Wealth Management for an undisclosed sum.
The transaction is expected to close in the first quarter of 2023, subject to customary closing conditions.
Founded in 2006, Davis & Seiley offers wealth and investment management services, and financial, estate, tax and retirement planning services to individuals and families.
Davis & Seiley is led by its founders, Marc Davis and Joe Seiley, who collectively have almost 50 years of experience in the industry.
EP Wealth Advisors
The advice firm has bought Pennsylvania-based Warren Financial Services & Associates for an undisclosed sum.
Warren Financial provides financial planning and investment management services for high net worth individuals and families, business owners and entrepreneurs. The firm is led by founder and chief compliance officer Randall Warren, who will assume the role of senior vice president/partner at EP Wealth.
In addition to Warren, four advisers and four support team members will also join EP.
The deal adds close to $274m in assets under management.
People moves
Perigon Wealth Management
The independent wealth management firm has hired financial advisor Tom Tolleson to its offices in Atlanta.
Tolleson was previously a wealth adviser at Catalyst Wealth Management
Williams Jones Wealth Management
The registered investment adviser and wealth management firm has hired Brandon Reid as managing director.
He previously served as managing director, senior account adviser and manager of the Palm Beach office for Bessemer Trust before retiring in 2019.
