Nelson Roberts Investment Advisors this week closed its first RIA acquisition, picking up San Francisco Bay Area-based Sylvan H. Kline Jr. Inc. to bring its total assets under management to more than $275 million.
The deal, which was orchestrated by San Francisco-based merger and acquisition consulting firm Advice Dynamics Partners, took roughly six months to consummate and used standard industry cash-flow valuation metrics and other considerations to reach an undisclosed final price that brings more than $30 million more in assets under the Nelson Roberts umbrella.
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