CW Advisors Acquires Aspire Wealth Management and Fernwood Investment Management

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.

Waverly Advisors Acquires 9258 Wealth Management

October 18, 2024

Wealth Management

Waverly Advisors, a Birmingham-based RIA backed by Wealth Partners Capital Group and HGGC's Aspire Holdings, acquired 9258 Wealth Management, a Cincinnati-based investment advisory and tax preparation firm. The deal adds three Ohio offices and approximately $1.0 billion in AUM, brings a team of 24 professionals to Waverly, and closed on October 18, 2024, increasing Waverly's AUM to about $14.4 billion.

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 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.

Waverly Advisors Acquires Fiduciary Wealth Advisors

April 4, 2025

Financial Services

Waverly Advisors, a PE-backed RIA based in Birmingham, Alabama, has acquired Fiduciary Wealth Advisors (FWA), a Sarasota, Florida-based wealth management firm founded by Scott Collins. The deal closed April 4, 2025 and adds approximately $110 million of AUM while expanding Waverly's presence in Southwest Florida.