Boston-based RIA CW Advisors has acquired Agili, a $1.2 billion fee-only advisory firm that provides financial planning, investments and strategic services to high-net-worth clients and their families.
Agili will adopt the CWA name and brand and will maintain its offices in Richmond, Virginia, and Bethlehem, Pennsylvania. Agili President Michael Joyce will become executive managing director and Mid-Atlantic leader for the combined firm.
With the deal, CWA now has 11 offices across the country, including 113 employees and over $10 billion of assets under management.
“As one of the nation’s earliest fee-only financial planning firms, Agili is a pioneer in this sector,” said Paul Lonergan, chief executive officer of CWA, in a statement. “Agili brings impressive infrastructure and resources that can benefit CW Advisors’ larger organization and our clients.”
Among these is the firm’s “personal CFO” offering, through which the Agili team provides personalized planning and investment management to help clients grow generational wealth.
