CW Advisors Acquires Cubic Asset Management

CW Advisors Acquires Mercadien Asset Management

July 18, 2024

Financial Services

CW Advisors (CWA), a Boston-based SEC-registered investment advisor, has acquired Mercadien Asset Management, an RIA based in Hamilton, New Jersey. Terms were not disclosed; the deal expands CWA's Mid-Atlantic footprint and is the third acquisition since CWA partnered with Audax Private Equity in June 2023.

Osaic Acquires CW Advisors

June 17, 2025

Financial Services

Osaic, a portfolio company of Reverence Capital Partners, has acquired Boston-based CW Advisors, a registered investment advisor managing roughly $13.5–14.5 billion in fee-only client assets. The deal (purchased from Audax Private Equity) expands Osaic’s scale and capabilities in the fee-only channel and high-net-worth / ultra-high-net-worth wealth management market while allowing CW Advisors to remain operationally independent.

CW Advisors Acquires Aspire Wealth Management and Fernwood Investment Management

February 3, 2025

Wealth Management

CW Advisors (CWA) acquired Aspire Wealth Management (Waltham, MA) and Fernwood Investment Management (Quincy, MA), adding more than $800 million of AUM to the CWA platform. The deals closed in January 2025 and expand CWA's Boston-area footprint; terms were not disclosed and Fernwood was represented by Surfside Capital.

CW Advisors Acquires Capital Management Services and CHB Investment Group

September 3, 2025

Financial Services

CW Advisors, an SEC‑registered investment advisor and subsidiary of Osaic, has acquired two Pennsylvania RIAs — Capital Management Services (CMS) and CHB Investment Group — adding $575 million in assets under management. The deals expand CW Advisors’ presence in Pennsylvania and increase its AUM to approximately $14.5 billion; terms were not disclosed.

CW Advisors Adds Agili Team ($1.2B AUM)

August 16, 2024

Wealth Management

Boston-based registered investment advisor CW Advisors (CWA) has partnered with Agili, a fee-only financial planning and investment advisory firm, adding $1.2 billion of assets under management. Agili's offices in Richmond, Virginia and Bethlehem, Pennsylvania will remain open; Agili President Michael Joyce will become the combined firm's executive managing director and Mid-Atlantic leader. The terms were undisclosed; the deal is CWA's fourth and largest since partnering with Audax Private Equity in June 2023.

WA Asset Management Acquires Clark Financial Advisors

April 4, 2022

Wealth Management

WA Asset Management (WAAM), a Birmingham-based registered investment adviser, has acquired Clark Financial Advisors, a fee-only investment management and financial planning firm based in Birmingham, Alabama. The deal closed March 31, 2022, will add approximately $270 million of assets under management to WAAM, and brings the entire CFA team into WAAM; WAAM previously received a strategic growth investment from Wealth Partners Capital Group and HGGC in December 2021.