Registered investment advisor (RIA) CW Advisors has acquired Agili, an independent, fee-only firm that brings together financial planning, investment strategy and strategic services.
The financial terms of the deal were not revealed.
With the deal completed, Agili will be fully integrated into the CWA brand, adopting its name and identity across all operations.
Both of Agili’s offices, located in Richmond, Virginia, and Bethlehem, Pennsylvania, will continue to operate under the new branding.
Established in 1993, Agili offers services to high-net-worth individuals and families throughout the US.
Through the company’s custom Personal CFO offering, the Agili team delivers personalised planning and investment management.
This enables Agili to forge long-lasting collaborations with clients and implement strategies to preserve and grow generational wealth.
Agili president Michael Joyce said: “This partnership should bring significant benefits to our clients and team. Our firms’ shared values and approach to support clients made this a compelling move.
“We look forward to becoming a part of the CWA team and leveraging their platform to continue to deliver exceptional client service.”
Following the acquisition, $1.2bn of assets under management have been added to CWA Advisors.
Headquartered in Boston, CWA Advisors has 11 offices across the country and 113 employees. It will have more than $10bn of assets under management, following the addition of Agili.
CWA Advisors’ acquisition of Agili is its fourth and largest deal since commencing the partnership with Audax Private Equity in June 2023.
CWA Advisors CEO Paul Lonergan said: “As one of the nation’s earliest fee-only financial planning firms, Agili is a pioneer in this sector.
“The team’s responsive and innovative service to clients makes them an ideal fit. Agili brings impressive infrastructure and resources that can benefit CW Advisors’ larger organisation and our clients.”
