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AMG Wealth Partners, LP, a subsidiary of Affiliated Managers Group, Inc. (NYSE: AMG), has acquired an equity interest in Clarfeld Financial Advisors, LLC. Clarfeld’s management and employees continue to hold a majority of the equity in the business and will retain operating autonomy to manage the firm.
Clarfeld, based in New York and with a presence in London, provides comprehensive investment, estate and financial planning, as well as tax planning and compliance, risk management and family office services to corporate executives, business owners, professionals and other high-net-worth individuals and their related family trusts and foundations. Founded in 1981 by Robert A. Clarfeld, the firm advises on approximately $4 billion of client assets. In addition to its domestic capabilities, the firm has a specific expertise in solving the complex financial, estate and tax planning and compliance needs of U.S. citizens working abroad. Clarfeld is consistently ranked among the top independent investment advisory firms in the U.S. by financial publications such as
“Clarfeld is recognized as one of the leading wealth advisory boutiques and we are pleased to welcome them as a partner,” stated Sean M. Healey, AMG’s Chairman and Chief Executive Officer. “Rob Clarfeld and his team have built a highly regarded advisory business with a loyal client following, a strong culture of risk management and a breadth of services and expertise typically found only at much larger firms.”
John W. Copeland, President of AMG Wealth Partners, added, “Given Clarfeld’s strong brand and competitive position, the firm has outstanding prospects to continue to grow its business. Clarfeld is renowned for its unique ability to assist global executives and their families in solving the complexities of cross-border wealth management, asset transfer and tax preparation. We look forward to working with our new partners to grow their advisory business, particularly in the U.K.”