We are pleased to welcome Capital Management Services, Inc. (“CMS”) and CHB Investment Group, LLC (“CHB”) to CW Advisors.  CMS and CHB, both located in Pennsylvania, provide financial planning and investment management services to high-net-worth individuals. The deals add $575 million in assets under management (AUM) to CWA. Terms of the transactions, which closed last month, are not disclosed.

“It is an exciting time at CWA. We are happy to have welcomed both the CMS and CHB teams to our firm in recent weeks,” said CWA Chief Executive Officer Scott Dell’Orfano. “They bring a wealth of experience, and their client first focus is a natural fit with our firm’s culture. Their office locations expand our growing presence in Pennsylvania.”

CHB Managing Director Chris Brashier added, “Joining the CWA team brings access to a larger platform, allowing us to expand our offering to clients while continuing to provide exceptional client service. We are excited for our future as part of CW Advisors.”

The acquisition of CHB marks CW Advisors’ first deal since being acquired by Osaic in August.  “Joining forces with Osaic empowers us to deepen the value we deliver to our clients while maintaining the independence and high-touch service that define our firm.” Dell’Orfano said. “Our clients can only benefit from the expanded services now available to us as part of the Osaic family.”

Following the acquisitions, CWA now has $14.5 billion in AUM, more than 150 employees and  22 offices across the country.

Gladstone Group Inc. facilitated the transaction with CHB.