wealthmanagement.com: Cary Street Acquires $215 Million AUM Waypoint Advisors

Cary Street will merge with Waypoint Advisors, creating a combined firm with $4 billion in client assets.

Cary Street Partners, the wealth management arm of Cary Street Partners Financial based in Richmond, Va., has acquired Waypoint Advisors, a Virginia Beach, Va.-based registered investment advisor with about $215 million in client assets. The transaction, expected to close at the end of this month, will create a combined firm with $4 billion in client assets.