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GlobalData
Wed, Apr 2, 2025, 4:58 AM 2 min read
US RIA aggregator Waverly Advisors has further expanded its home footprint with the acquisition of NBW Capital.
The woody adds astir $500m successful assets to Waverly’s books. Financial details of the woody stay confidential.
NBW, established successful 1991, is based successful Boston, Massachusetts, and serves high-net-worth clients.
Chris Blakely, who has led NBW, volition articulation Waverly arsenic partner, determination manager of Boston, and portfolio manager.
The NBW squad volition modulation to Waverly, with the objection of Ben Niedermeyer, who is retiring pursuing an astir 50-year vocation successful concern management.
Blakely said: “We are thrilled to spouse with Waverly and payment from further services and concern options.
“These resources, on with Waverly’s extended expertise and established infrastructure, volition heighten our clients’ experience.”
The acquisition is Waverly's 24th since December 2021, pursuing an equity concern from Wealth Partners Capital Group and HGGC's Aspire Holdings platform.
Waverly president and CEO Justin Russell said: “Waverly’s M&A inaugural has ever focused connected gathering a cohesive, integrated steadfast that delivers a world-class, service-oriented lawsuit experience.
“By partnering with NBW, Waverly is capable to fortify its existing equity strategy and connection clients a much blase concern portfolio approach.”
Rick Adler of Red Arrow Capital advised NBW connected the transaction.
Waverly Advisors, established successful 1999 and headquartered successful Birmingham, Alabama, offers fee-only services to a divers clientele, including high-net-worth individuals and families, firm status plans, trusts, endowments, and institutions.
With 38 offices crossed the US and implicit 290 professionals, Waverly offers a scope of services including investment, tax, estate, and fiscal planning.
Last month, Waverly Advisors acquired Baltimore, Maryland-based GGM Wealth Advisor.
"Waverly Advisors takes implicit Boston’s NBW Capital" was primitively created and published by Private Banker International, a GlobalData owned brand.
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