Under the terms of the transaction, Heritage Wealth Advisors (“Heritage”) has acquired Mangham Associates (“Mangham”). Further terms of the deal were not disclosed.
Heritage, based in Richmond, Virginia, is a full-service, multi-family, wealth manager. Heritage has approximately $3.2 billion in assets under management.
Mangham, based in Charlottesville, Virginia is an investment manager for endowments, foundations, and family clients. Mangham manages approximately $800 million in client assets.
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