CW Advisors Accelerates Expansion with Acquisition of Cubic Asset Management

July 10, 2024

CW Advisors, LLC (“CWA”) announces the acquisition of Cubic Asset Management, LLC (“Cubic”), an independent account management firm based in Boston. The deal adds over $700 million of AUM to CWA. Terms of the transaction were not disclosed.

“We are thrilled to welcome the Cubic team and their clients to CW Advisors,” said Paul Lonergan, Chief Executive Officer of CWA. “Cubic’s disciplined approach and many years of experience in separate account management will enhance our robust investment offering. Their client-first culture should make for an easy transition into CWA, where we will continue to work together seeking to provide exceptional service.”

With the addition of Cubic, CWA has eight offices across the country, 88 employees, and over $8.6 billion of assets under management.

“We look forward to the opportunities available through joining the CWA platform that we believe will benefit both our team and our clients,” noted James Kaplan Ph.D., founder of Cubic.

The deal, completed in June, marks the second acquisition for CWA since its partnership with Audax Private Equity in June 2023.

“Cubic represents an attractive opportunity to expand our presence and investment offerings to our clients,” added Scott Dell’Orfano, Chief Strategic Officer at CWA. “We expect to accelerate our acquisition momentum from here to supplement CWA’s strong organic growth and to continue to enhance the firm’s investment and service offerings for high-net-worth and ultra-high-net-worth clients.”