On February 27, 2012, HJSims & Co., Inc. announced the acquisition of Massachusetts-based RIA Braintree Capital Partners, LLC.
On February 27, 2012, HJSims & Co., Inc. announced that Herbert J. Sims Capital Management Inc., a wholly-owned subsidiary of Herbert J. Sims & Co., Inc., purchased the entire ownership interest in Braintree Capital Partners, LLC. Braintree is a Massachusetts-based registered investment advisor and manages private portfolios of higher yielding, essential public service municipal bonds for high net worth investors seeking long term tax exempt strategies. Braintree manages separately managed accounts for select clients and family offices as well as a private fund for qualified purchasers. HJ Sims is a Fairfield, Connecticut-based private broker dealer with approximately $1.6 billion of assets under management. The terms of the transaction were not disclosed.
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