The Colony Group has agreed to merge with Mintz Levin Financial Advisors, creating a Boston-based RIA with $2.5 billion of client assets.
Mintz Levin has been listed among the top wealth advisors in the country by several publications, including Barron’s and Worth magazine. Robert Glovsky, one of the firm’s co-founders, is a former chairman of the Certified Financial Planner Board of Standards. Glovsky, who also founded Boston University’s Program for Financial Planners, will join Colony’s executive management team as its vice chairman.
Colony Group, a unit of Focus Financial Partners, provides investment and wealth management services, including estate and tax planning to high-net-worth individuals, families, corporate clients, retirement plans and charitable foundations.
“I am proud we have built a nationally recognized firm with deep industry roots,” Glovsky said. “I am excited that MLFA will grow as part of Colony and gain an even more robust client service model, with expanded capabilities and resources.”
“This transaction is unprecedented not only for Focus, Colony and MLFA but or the independent wealth management industry,” said Rudy Adolf, founder and CEO of Focus Financical. “I am thrilled that Focus was able to bring this deal to fruition, further demonstrating our strength at delivering immediate value to our partner firms.”