CW Advisors Buys $1.2B Fee-Only RIA
This is the firm's largest deal since kicking off its acquisition strategy in 2023 after private equity backing.
Boston-based RIA CW Advisors has acquired Agili, a $1.2 billion fee-only advisory firm that provides financial planning, investments and strategic services to high-net-worth clients and their families.
Agili will adopt the CWA name and brand and will maintain its offices in Richmond, Virginia, and Bethlehem, Pennsylvania. Agili President Michael Joyce will become executive managing director and Mid-Atlantic leader for the combined firm.
With the deal, CWA now has 11 offices, 113 employees and over $10 billion of assets under management.
“As one of the nation’s earliest fee-only financial planning firms, Agili is a pioneer in this sector,” Paul Lonergan, chief executive officer of CWA, said in a statement. “Agili brings impressive infrastructure and resources that can benefit CW Advisors’ larger organization and our clients.”
Among these is the firm’s “personal CFO” offering, through which the Agili team provides personalized planning and investment management to help clients grow generational wealth.
Joyce cited the firms’ “shared values and approach to support clients” as drivers of the deal.
“We look forward to becoming a part of the CWA team and leveraging their platform to continue to deliver exceptional client service,” Joyce said.
Terms of the transaction, which officially closed Friday, were not disclosed. The firm has confirmed that this is the fourth, and largest, deal for CWA since commencing its partnership with Audax Private Equity in June 2023.
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