Colony Group to Acquire Legacy Wealth

September 16, 2021

On August 9, 2021, The Colony Group, LLC announced that it will acquire Legacy Wealth Partners, Inc.

Under the terms of the transaction, The Colony Group, LLC (“Colony”) will acquire Legacy Wealth Partners, Inc. (“Legacy”). The transaction is expected to close later this year, subject to customary closing conditions. Further terms of the deal were not disclosed.

Colony, based in Boston, Massachusetts, is a financial advisory, wealth, and business management services firm. As of April 30, 2021, Colony managed approximately $13 billion in client assets.

Legacy, based in Calabasas, California, is a registered investment advisor.  Legacy manages approximately $250 million in client assets.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions