On December 9, 2013 Cary Street Partners announced that it acquired Texas-based RiverStone Wealth Management for an undisclosed sum.
On December 9, 2013 Cary Street Partners, LLC announced that it acquired RiverStone Wealth Management, an Austin, Texas-based firm with approximately $400 million in assets under management. RiverStone provides financial planning, wealth management, investment banking, and advisory services. Cary Street is a Richmond, Virginia-based investment firm comprised of Cary Street Partners Investment Advisory LLC and its registered broker/dealer, Cary Street Partners LLC. Financial terms of the transaction were not disclosed.
For the press release, please click here.