CW Advisors Acquires Mercadien Asset Management

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.

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 Wolf Group Capital Advisors and Parsons Capital Management

May 1, 2025

Wealth Management

CW Advisors, an SEC-registered investment advisor headquartered in Boston, has acquired Wolf Group Capital Advisors (Fairfax, VA) and Parsons Capital Management, LLC (New Hope, PA). The transactions add more than $1.4 billion in assets under management to CW Advisors, bringing the firm to over $13 billion in AUM, 17 offices and 140+ employees; terms were not disclosed.

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 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.

CW Advisors Acquires Cubic Asset Management

June 30, 2024

Financial Services

Boston-based CW Advisors (CWA), a PE-backed registered investment advisor, has acquired Cubic Asset Management, an independent Boston-based account management firm, adding over $700 million of AUM to CWA. The deal is an add-on to CWA's platform (which is partnered with Audax Private Equity) and is intended to expand CWA's investment capabilities and client servicing for high-net-worth and ultra-high-net-worth clients.