Virginia-based CapGroup Advisors has merged with the Colony Group pushing Colony’s assets under management to over USD5 billion.
CapGroup adds approximately USD1.2 billion in assets under management and additional expertise in the institutional consulting and private client markets, while expanding Colony’s footprint along the east coast.
The firms first became partners when Colony joined Focus Financial Partners in October 2011. They soon recognised the synergies in serving large and middle market institutions and more recently partnered together to attract and serve new clients. “There are tremendous synergies between the businesses, starting with the expertise the CapGroup team brings to its institutional consulting clients. We look forward to extending that offering to existing and new clients. At the same time, our deep bench of financial counselling and investment management professionals will bring even more support to private clients in the mid-Atlantic region,” says Michael Nathanson, Colony’s Chairman & CEO.
Founded over 30 years ago, CapGroup shares Colony’s entrepreneurial spirit, as a founding member of Focus Financial Partners in 2006 and one of the first firms to attain the Centre for Fiduciary Excellence (CEFEX) certification in 2010. Most recently, CapGroup was recognised as the Institutional Portfolio and Non-Profit Advisory Team of the Year by Wealth & Finance International.
“Over the years, the CapGroup Advisors team has taken great pride in anticipating the needs of its sophisticated private clients and institutions and delivering what it believes is an exceptional client experience. The Colony team shares that same commitment, and formally joining forces became an obvious strategic step for our senior team, including Todd Early, Clay Eubank, Tim Jester, Jeremy Kuhlen, and John White,” says Dick Smith, CapGroup’s Founder & Chairman Emeritus.
“We are delighted when two highly successful Focus firms with complementary practices decide to come together to turbo-charge growth even further,” says Rudy Adolf, Co-Founder & CEO of Focus. “It has been amazing to partner with Colony, which has grown from approximately USD1.3 billion to over USD5 billion in assets under management in just three and a half years and has limitless opportunities ahead.”