Richmond Times Dispatch: Richmond-based Cary Street Partners agrees to acquire Virginia Beach-based investment advisory firm

The Richmond-based wealth management firm Cary Street Partners is acquiring a Virginia Beach-based investment advisory firm. Cary Street Partners said Tuesday it has entered into a definitive agreement to acquire independent registered investment advisor Waypoint Advisors. Founded in 2001, Waypoint …

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Waypoint Advisors to Join Cary Street Partners

Cary Street Partners today announced that the firm has entered into a definitive agreement to acquire Virginia Beach, VA based independent registered investment advisor Waypoint Advisors. Founded in 2001, Waypoint Advisors serves high net worth clients and foundations across the …

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Cary Street Partners Unifying Under Single Brand

Richmond, VA — Cary Street Partners today announced the firm has formally changed the name of its holding company to Cary Street Partners Financial LLC from Luxon Financial LLC. In addition to the holding company, the asset management and wealth …

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Top Guns Manager of the Decade Awarded to Tradition Asset Management

Summit, New Jersey – Tradition Asset Management today announced that it has been awarded a PSN Top Guns distinction by Informa Financial Intelligence’s PSN manager database, North America’s longest running database of investment managers. Read More …

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Jeffrey L. Burgess Joins Cary Street Partners in Johnson City, Tennessee

Johnson City, Tennessee – Cary Street Partners today announced that Jeffrey L. Burgess has joined the firm as a Financial Advisor in its Johnson City, Tennessee office. Burgess has over two decades of financial services industry experience. At Cary Street …

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Diane L. Sobin Joins Tradition Asset Management as Managing Director

Summit, New Jersey – Tradition Asset Management today announced that Diane L. Sobin, CFA has joined the firm as a Managing Director and member of Tradition’s Investment Committee. She brings her extensive capability working with research teams and portfolio managers …

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Cary Street Partners and Ducera Announce Strategic Alliance

Luxon Financial LLC, parent of Richmond, Virginia based wealth advisor Cary Street Partners, and Ducera, a New York City based independent investment bank, have announced a strategic alliance to drive business for both firms. Read More …

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Tradition Capital Management listed in Financial Advisor’s 2019 RIA ranking

Did you hear a tornado alarm in May? That might have been the sound of Goldman Sachs invading your industry. The investment bank’s purchase of United Capital for $750 million has likely changed the game in a space already giddy …

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Culture Clashes Remain Bugaboo Of Asset Manager M&A

Culture remains a key consideration for asset management firms seeking to consolidate, industry sources say. If firms are not culturally aligned, they are bound to run into issues — “it’s just a matter of when will you have [the] problem,” …

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