Cary Street Partners to Acquire RIA Business from Atlantic Union Bank – Atlantic Union Bankshares Corporation to Become a Strategic Investor in Cary Street Partners
RICHMOND, Va. – BUSINESS WIRE – Cary Street Partners announced it has agreed to acquire Dixon, Hubard, Feinour & Brown, Inc. (“DHFB”) from Atlantic Union Bank, a wholly owned subsidiary of Atlantic Union Bankshares Corporation. Founded in 1981, DHFB is a Virginia-based wealth management firm with approximately $1.6 billion in AUM. The transaction will bolster Cary Street Partners’ strong existing Virginia wealth management footprint by adding locations in Roanoke, Charlottesville, and Arlington. With the closing of this latest acquisition, Cary Street Partners will advise nearly 6,000 clients on approximately $7 billion in assets across all its subsidiaries.