BOSTON, July 25, 2016 /PRNewswire/ -- Boston Advisors, LLC has entered into an agreement to acquire the assets of Weyland Capital Management ("Weyland"), an investment advisory firm based in Portsmouth, NH. Weyland manages $175 million of multi-asset portfolios for approximately 130 clients nationwide. These clients will join Boston Advisors' Private Advisory Group, which serves affluent clients with customized, sophisticated and institutional-caliber investment programs.
Boston Advisors found Weyland's business attractive because of their commitment to achieving clients' financial goals and strong investment culture. "The heart of this combination lies in our commonality of approach to the investment markets and how we serve our clients," said Michael J. Vogelzang, CFA, the President and Chief Investment Officer of Boston Advisors. "We are thrilled to find a boutique firm with the level of investment acumen that Weyland brings. In addition, their long and deep client relationships are truly terrific. We look forward to welcoming their clients and talented staff to our firm."
The new partnership will facilitate succession planning for Weyland's CEO Polly Henkel. Ms. Henkel stated, "I have searched for the right organization to take Weyland's investment discipline to the next level and to maintain our deep commitment to clients. I believe we have found that in Boston Advisors. We strongly believe that our clients will be served best with a deeper bench, more resources and strong leadership. Boston Advisors sees the value of our investment model — so much so they will make it a core part of their firm's private client strategy. For me, as CEO and a Weyland investor, they were the clear choice to shepherd our firm and investors into the future."
The transaction is expected to close by the end of September. The combined organization is expected to manage approximately $4.8 billion in assets for well over 500 clients domestically and internationally. The firm serves insurance companies, endowments, foundations, pension plans, mutual funds and individual investors.
About Boston Advisors, LLC
Established in 1982, Boston Advisors is a boutique investment management firm, managing assets for institutional and high-net-worth clients. It is an SEC registered investment adviser with $4.5 billion in assets under management and 40 employees (as of 6/30/16). The firm offers a range of investment capabilities, including equity, fixed-income, asset allocation, and socially responsible/faith-based asset management, as well as comprehensive private investment advisory services. Boston Advisors is known for its hybrid investment approach, combining sophisticated, proprietary quantitative modeling with a fundamental overlay to create custom portfolios with an emphasis on active risk management.
To learn more about Boston Advisors, please visit www.BostonAdvisors.com or contact:
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As with any investment strategy, there is potential for profit as well as the possibility of loss. Boston Advisors does not guarantee any minimum level of investment performance or the success of any portfolio or investment strategy. All investments involve risk (the amount of which may vary significantly) and investment recommendations will not always be profitable. Past results are no indication of future results. (Elf2016-222)
SOURCE Boston Advisors, LLC