CW Advisors, LLC (“CWA”), a registered investment advisor (“RIA”), headquartered in Boston, announces it has acquired Aspire Wealth Management, Inc. (“Aspire”) and Fernwood Investment Management, LLC (“Fernwood”). Aspire, located in Waltham, Massachusetts, and Fernwood, located in Quincy, Massachusetts, both serve high-net-worth clients, providing financial planning and investment management. The deals add more than $800 million in assets under management to CWA. Terms of the transactions are not disclosed.
“We are excited to welcome the Aspire and Fernwood teams and their clients to CWA,” said CWA Chief Executive Officer Scott Dell’Orfano. “Mark, Bill and Jenny, as well as Tom and his team are a great complement to the growing CWA team. Their exceptional services and high-touch approach with clients make Aspire and Fernwood ideal additions to our firm.”
Following the acquisitions, CWA has 14 offices across the country, 119 employees, and $11 billion of assets under management.
“We look forward to leveraging the CWA platform to provide an expanded offering and continued premium service to our clients,” added Mark Khozozian, Chief Executive Officer of Aspire.
Fernwood Founder Thomas Reilly added, “By joining CWA, we are able to continue to work closely with our clients to help achieve their goals while benefitting from the larger organization and resources CWA provides.”
Fernwood was represented by Surfside Capital. The deals closed in January.
Stay Ahead of the Financial Curve with Our Latest Fintech News Updates!
