CW Advisors, LLC (“CWA”), a registered investment advisor (“RIA”), headquartered in Boston, announces it has acquired Capital Management Services, Inc. (“CMS”) and CHB Investment Group, LLC (“CHB”). CMS and CHB, both located in Pennsylvania, provide financial planning and investment management services to high-net-worth individuals. The deals add $575 million in assets under management (AUM) to CWA. Terms of the transactions, which closed last month, are not disclosed.

“It is an exciting time at CWA. We are happy to have welcomed both the CMS and CHB teams to our firm in recent weeks,” said CWA Chief Executive Officer Scott Dell’Orfano. “They bring a wealth of experience, and their client first focus is a natural fit with our firm’s culture. Their office locations expand our growing presence in Pennsylvania.”

CHB Managing Director Chris Brashier added, “Joining the CWA team brings access to a larger platform, allowing us to expand our offering to clients while continuing to provide exceptional client service. We are excited for our future as part of CW Advisors.”

The acquisition of CHB marks CW Advisors’ first deal since being acquired by Osaic in August. “Joining forces with Osaic empowers us to deepen the value we deliver to our clients while maintaining the independence and high-touch service that define our firm,” Dell’Orfano said. “Our clients can only benefit from the expanded services now available to us as part of the Osaic family.”

Following the acquisitions, CWA now has $14.5 billion in AUM, more than 150 employees and 22 offices across the country.

Gladstone Group Inc. facilitated the transaction with CHB.

About CW Advisors

CW Advisors, a subsidiary of Osaic Holdings, Inc., is an SEC-registered investment management firm headquartered in Boston, developing innovative wealth solutions for high-net-worth and ultra-high-net-worth individuals, families, foundations, and endowments. CW Advisors, through superior service and sound, objective advice, offers financial planning and investment consulting and management services, tailored to each client’s unique needs to protect and grow assets. CW Advisors provides specialized family office services to meet the distinctive needs of ultra-high-net-worth and multigenerational families. Registration does not imply a certain level of skill or training. For more information, visit www.cwadvisorsgroup.com.

About Osaic

Osaic, Inc. (“Osaic”), a portfolio company of Reverence Capital Partners, is one of the nation’s largest providers of wealth management solutions, supporting approximately 11,000 financial professionals. Osaic’s mission is to empower entrepreneurial advisors to build thriving businesses and fulfill their clients’ dreams. Visit www.osaic.com to learn more.

Securities and investment advisory services are offered through the firms: Osaic Wealth, Inc. and Osaic Institutions, Inc., broker-dealers, registered investment advisers, and members of FINRA and SIPC. Securities are offered through Osaic Services, Inc. and Ladenburg Thalmann & Co., broker-dealers and members of FINRA and SIPC. Advisory services are offered through Ladenburg Thalmann Asset Management, Inc., Osaic Advisory Services, LLC. and CW Advisors, LLC., registered investment advisers. Advisory programs offered by Osaic Wealth, Inc. are sponsored by VISION2020 Wealth Management Corp., an affiliated registered investment adviser.

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