NEWTON, Mass., Feb. 01, 2017 (GLOBE NEWSWIRE) -- Adviser Investments, LLC (Adviser Investments) announced today that it has acquired Braver Wealth Management, LLC (Braver) and its Braver Capital Management division. The deal creates a $4.7 billion wealth management company with the resources of a large institution but the personalized service of a much smaller firm.
The combined firm will retain the Adviser Investments name and add Braver’s institutional expertise in financial planning services and tactical strategies to Adviser Investments’ decades of experience building investment portfolios driven by the talents of a select group of active equity and fixed-income managers.
“This merger allows us to leverage each firm’s talents and resources to advance our mission of providing institutional-quality asset management to a wide range of individual clients,” said Adviser Investments President Dan Silver. “Braver has an advanced financial planning expertise at its core, and will help us enrich our personal understanding of clients’ individual investment goals and more fully cater to their wealth management needs.”
With this acquisition, Adviser Investments’ 80 employees now manage $4.7 billion for more than 3,000 clients nationwide.
Adviser Investments’ Chairman, CEO and Co-Founder Dan Wiener and Chief Investment Officer Jim Lowell will be joined by Braver President David D’Amico and Chief Investment Officer Andrew Griesinger to oversee investment decisions and strategy.
“This opportunity allows us to add a great deal of investment and financial planning talent to our already deep bench of research and portfolio management professionals,” Wiener said. “Adviser Investments is truly building upon its capabilities to serve a wide range of clients, large and small.”
The acquisition was engineered in 2016 during a banner year for Adviser Investments. In November, the firm received Fidelity’s Be Greater Award, recognizing registered investment advisers who are evolving their businesses to meet ever-changing demands of a growing and sophisticated investor class. Fidelity singled out Adviser Investments among all RIAs with more than $1 billion in total assets under management that use its custodian and record-keeping services.
Earlier in 2016, Adviser Investments was named to Barron’s list of the top 100 independent financial advisers nationwide and its list of the top advisory firms in Massachusetts for the fourth consecutive year. It has also been recognized on the Financial Times 300 Top Registered Investment Advisers list in 2014, 2015 and 2016.
Clients of the combined firm can expect to receive the same superior level of customer service and will experience no interruptions in the ongoing management of their portfolios.
“Adviser Investments ranks as one of the largest independent advisers in the country,” Silver said. “But we continue to offer the same personalized service we did when we were a fraction of the size, and the addition of the Braver team further augments and expands our ability to do so for generations to come.”
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For more information about Adviser Investments’ acquisition of Braver Wealth Management, please contact Dan Silver, president, at (800) 492-6868.
To learn more about Adviser Investments’ services, please contact Dick Veidenheimer, managing director, at (617) 369-2321.
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About Adviser Investments
Adviser Investments, LLC and its subsidiaries operate as an independent, fee-only, professional money management firm with a particular focus on Fidelity and Vanguard mutual funds. With more than 3,000 clients and over $4.5 billion under management, Adviser Investments provides services to investors in all 50 states. Our investment professionals focus on helping individual investors, trusts, foundations and institutions meet their investment goals. Our minimum account size is $350,000.
For more information, please visit www.adviserinvestments.com or call 800-492-6868.
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About Braver Wealth Management
Braver Wealth Management, LLC provides investment management and financial planning services to high net worth individuals, families, trusts and foundations. Braver’s approach combines traditional buy and hold investing with active, tactical investment strategies. The firm offers a range of planning services, including investment planning, retirement projections, college savings, insurance reviews, philanthropy and tax planning. The Braver Capital Management division offers asset management services, separate accounts and tactical trading signals to high net worth and institutional clients.
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The 2016 Be Greater Awards were open to current clients of Fidelity Investments who met certain eligibility requirements, including but not limited to (1) at least $50 million in total assets under management, (2) more than two full‐time employees, (3) in business for four years or more prior to January 1, 2016, (4) not under investigation by any regulatory or government agency or enforcement division, and (5) completed the program application, and acknowledged and agreed to the terms and conditions set forth in the program rules and regulations.
There is no form of legal partnership, agency affiliation, or similar relationship between your financial advisor and Fidelity Investments®, nor is such a relationship created or implied by the information herein. Fidelity Investments® has not been involved with the preparation of the content supplied by Adviser Investments and does not guarantee, or assume any responsibility for its content. Fidelity Investments is a registered mark of FMR LLC.
The Be Greater Award does not include client surveys or testimonials as part of its analysis; thus the award does not reflect the individual experience of any client or group of clients.
The Barron’s rankings reflect the volume of assets overseen by the advisers and their teams, revenues generated for the firms and the quality of the advisers’ practices, as determined by its editors.
Editors at the Financial Times bestowed “elite” status on 300 firms in the U.S., as determined by assets under management, asset growth, longevity, compliance record, industry certifications and online accessibility.
Source: Adviser Investments