BOSTON: CW Advisors, LLC, a Boston-based registered investment advisor, announced the acquisition of Delta Financial Group, Inc., a fee-only investment firm managing $1.3 billion in assets.
Based in Basking Ridge, New Jersey, Delta’s integration will strengthen CW Advisors’ Mid-Atlantic presence, now spanning six offices from New York City to Richmond, Virginia.
“We are excited to welcome another excellent group of professionals to our firm,” said CW Advisors CEO Scott Dell’Orfano. “The Delta team enhances our organization’s expertise and expands our strongest asset—our people.”
Delta Partner Sean Donovan lauded the integration process, saying, “We are confident the combination of our firms will benefit both clients and team members.” Fellow Delta Partner Joe Macellara expressed optimism, noting, “We are excited for the opportunities ahead for both our team and clients.”
CW Advisors also acquired Leathe & Associates, an Eliot, Maine-based RIA founded by Jeffrey Leathe in 2004. Dell’Orfano praised Leathe’s experience and client relationships, emphasizing that the merger would allow expansion for existing clients while attracting new ones.
With the completion of these acquisitions earlier this month, CW Advisors now operates 15 offices nationwide, employs over 125 professionals, and manages more than $12 billion in assets. Terms of the transactions were not disclosed. Gladstone Group Inc. facilitated the Delta acquisition.
CW Advisors, an SEC-registered firm, develops innovative wealth strategies for high-net-worth individuals, families, foundations, and endowments.