The Colony Group Announces Strategic Merger With Massachusetts-Based Firm
Aurora Financial Advisors joins forces with The Colony Group
BOSTON, Mass., Jan. 7, 2019 /PRNewswire/ -- The Colony Group, a national award-winning wealth management firm with two of its offices in Boston and Hingham, MA, announced that it has entered into a definitive agreement for a strategic merger with Aurora Financial Advisors, expanding its office locations to Wellesley and Westford, MA. Upon closing, The Colony Group will have a total of 12 offices in six states with over 150 employees. The transaction is expected to close in the first quarter of 2019, subject to customary closing conditions.
"This merger further strengthens our presence in the region and brings us additional talent to serve the wealth management needs of more individuals and families," said Michael Nathanson, Chairman and CEO of The Colony Group. "It simultaneously broadens and further differentiates our comprehensive service offering to include yet another new service – family and marital dispute resolution."
Aurora Financial Advisors, LLC, founded in 2002 by Susan Miller, CPA, CFP®, CDFA®, is known for its extensive experience and expertise in dispute resolution arising from divorce, estate administration, and intra-family disagreements regarding closely-held businesses and jointly-held assets. Like The Colony Group, they also offer an array of high-touch wealth management services along with tax planning and preparation for families and businesses.
"Joining together with Colony is a natural and logical progression," said Miller. "It's not just the similarity of our services or how we further enhance each of our capabilities that's attractive, but our shared commitment to deliver on our promises to our clients."
"We are delighted to see the two firms come together. Colony has a strong track record of growth since joining Focus in 2011. The firm has set a great example in facilitating merger transitions with expanded geographic presence and client base," said Rajini Kodialam, Co-Founder and Chief Operating Officer at Focus Financial Partners, of which Colony is a partner.
The Colony Group, which recently received several distinguished financial industry awards and recognitions, including the Trailblazer IMPACT Award™ and spots on Barron's Top 40 RIA List and InvestmentNews' Women to Watch List, serves a diverse clientele that includes successful executives and entrepreneurs, professionals, athletes, institutions, businesses and non-profit organizations.
Another innovative initiative is Colony's Her Wealth®, whose mission is to provide women with the financial confidence and resources they need to manage their wealth. Miller, an expert in financial dispute resolution and an advocate for alternative dispute resolution for marital, family and business disputes, will join Her Wealth® as a dynamic spokesperson and leader.
About The Colony Group, LLC
The Colony Group is an independent, fee-only financial advisory firm with locations in Massachusetts, New York, Virginia, Florida, Colorado, and Maryland. Founded in 1986, they provide high-net-worth individuals and families, corporate executives and entrepreneurs, professionals, athletes, institutions, businesses and non-profit organizations with deep expertise that goes beyond investment management and can encompass tax, estate, retirement, and philanthropic planning, asset allocation, and cash and risk management.
Award and Recognition Disclosures:
The Colony Group and its employees are independent of and are not employees or agents of Charles Schwab & Co., Inc. ("Schwab"). Schwab does not prepare, verify or endorse information distributed by The Colony Group. The Trailblazer IMPACT Award™, part of Schwab's IMPACT Awards® program, is not a referral to, endorsement or recommendation of, or testimonial for the advisor with respect to its investment advisory or other services.
Trailblazer IMPACT Award™ criteria: Firms must use Charles Schwab & Co., Inc. ("Schwab") as a custodian and must have been in business for at least five years, have at least $25 million in assets under management, and be registered with the SEC. Schwab and an industry panel review general business metrics and essays submitted by the firms in making selections for the awards. The Trailblazer IMPACT Award recognizes an independent investment advisory firm for unique efforts to advance the industry, such as serving a new client segment, creating a new business model, offering education to the community, developing new talent, or advocating for the industry.
Barron's Top 40 RIA criteria: Barron's ranks independent advisory firms weighing dozens of qualitative and quantitative components, including assets managed, the size and experience of teams, and the regulatory records of the advisors and firms.
InvestmentNews Women to Watch criteria: Demonstrated success and leadership in the financial advisory industry; proven ability or power to effect change in the industry; exhibited willingness to share her expertise with others in the field, including by serving as a mentor or role model to other female professionals in the industry and speaking at industry events; and has given back to her community through activities such as sitting on boards, volunteering and donating time to help investors. Nina Mitchell, a Senior Wealth Advisor at The Colony Group, was included on the list in 2018.
Media Contact: Lisa Poff
Email Address: [email protected]
SOURCE The Colony Group
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