Simon Quick Advisors Merges with Red Hook Management

Simon Quick Advisors Acquires Red Hook Management; Cerity Partners Acquires Permit Capital

May 3, 2022

Wealth Management

Gladstone Associates advised on two buy-side RIA transactions announced in April/May 2022: Simon Quick Advisors acquired Morristown, New Jersey-based Red Hook Management (reported $385 million AUM) and Cerity Partners acquired Conshohocken, Pennsylvania-based Permit Capital (reported $1.6 billion AUM). Both transactions expand the buyers’ wealth management footprints in the Philadelphia/New Jersey region.

Simon Quick Advisors Acquires Proquility Private Wealth Partners

June 2, 2025

Wealth Management

Simon Quick Advisors, a national independent wealth management and multi-family office, has acquired Las Vegas–based Proquility Private Wealth Partners to expand its national footprint and add a planning-led advisory team. Proquility's advisors and client relationships will remain intact while gaining access to Simon Quick's broader platform, infrastructure, and investment and planning capabilities.

iCapital Acquires SIMON Markets

May 25, 2022

Financial Services

iCapital has completed the acquisition of SIMON Markets, integrating SIMON’s structured investments, annuities, digital assets and risk-managed products into iCapital’s alternative investment marketplace. The deal brings nearly 200 SIMON team members and SIMON CEO Jason Broder (who joined iCapital as Managing Director, Head of iCapital Solutions) to expand iCapital’s product menu, analytics, education, and advisor servicing capabilities.

Wealth Enhancement Group Acquires M&R Capital Management, Inc.

November 7, 2024

Financial Services

Wealth Enhancement Group has acquired M&R Capital Management, an independent RIA based in Summit, New Jersey that manages over $536 million in client assets. The three-advisor team (plus three support staff) will join Wealth Enhancement Group to access its centralized services and expand the firm's presence in New Jersey.

Marsh McLennan Agency Acquires Hudson Shore Group

July 2, 2024

Insurance

Marsh McLennan Agency, a subsidiary of Marsh, has acquired Hudson Shore Group, a Red Bank, New Jersey–based employee benefits broker. The deal expands MMA's employee health and benefits capabilities—particularly for public-sector clients—and Hudson Shore employees, including founder Derek Dailey, will remain in the Red Bank office. Terms were not disclosed.

Shore Capital Partners Partners with HowardSimon

January 19, 2022

Financial Services

Shore Capital Partners has completed a partnership with HowardSimon, a Riverwoods, Illinois-based retirement plan third-party administrator and payroll/human capital management provider founded in 1981. The investment will support HowardSimon’s growth plans — including product and infrastructure investments and business development — while the Simon family remains involved and Shore has assembled a board to support expansion.