Focus Partner Firm Buys $650M RIA

Colony struck a deal with Aurora Financial Advisors early this year, a transaction that expanded Colony's offices in Massachusetts. In March, Colony entered into a merger with Boca Raton, Florida-based Steinberg Global Asset Management.

Explaining why Harvest was so attractive to his firm, Colony CEO and Chairman Michael Nathanson said in a statement that the Concord RIA "developed an engaging, differentiated process that takes business owners — often the leaders of family-owned businesses — through strategic transactions, helping them consider not only the financial implications but also how various structures and outcomes may impact their professional identities and family dynamics."

He added: "We believe that this capability will be a significant addition to the solutions we currently offer to our business owner clients."

Harvest was founded in 1995 by Marshall Rowe, its CEO, who later partnered with Jim Fitts and John Weeks, as the firm enhanced its talent and service offerings to meet the needs of business owners anticipating strategic transactions with respect to their businesses, the companies said. Rowe will join Colony's executive team and lead its Business Owner Practice after the purchase is finalized.

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