Congress Wealth Management Announces the Acquisition of Pinnacle Advisory Group

May 1, 2021

Boston, MA – May 01, 2021 – Congress Wealth Management, a privately-held, SEC-registered investment management firm, announced today it has acquired Pinnacle Advisory Group of Maryland in a deal that doubles the size of Congress Wealth’s business and provides access to the robust Mid-Atlantic and South Florida markets.

Through its acquisition of Pinnacle – Congress Wealth Management’s fourth such deal in the last 18 months – CWM doubles its assets under management (AUM) to $5.6 billion, while growing the overall organization to include 83 employees across seven offices nationwide.