CW Advisors Adds Two Boston-Area RIAs

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BOSTON--(BUSINESS WIRE)--Feb 3, 2025--

CW Advisors, LLC (“CWA”), a registered investment advisor (“RIA”), headquartered in Boston, announces it has acquired Aspire Wealth Management, Inc. (“Aspire”) and Fernwood Investment Management, LLC (“Fernwood”). Aspire, located in Waltham, Massachusetts, and Fernwood, located in Quincy, Massachusetts, both serve high-net-worth clients, providing financial planning and investment management. The deals add more than $800 million in assets under management to CWA. Terms of the transactions are not disclosed.

“We are excited to welcome the Aspire and Fernwood teams and their clients to CWA,” said CWA Chief Executive Officer Scott Dell’Orfano. “Mark, Bill and Jenny, as well as Tom and his team are a great complement to the growing CWA team. Their exceptional services and high-touch approach with clients make Aspire and Fernwood ideal additions to our firm.”

Following the acquisitions, CWA has 14 offices across the country, 119 employees, and $11 billion of assets under management.

“We look forward to leveraging the CWA platform to provide an expanded offering and continued premium service to our clients,” added Mark Khozozian, Chief Executive Officer of Aspire.

Fernwood Founder Thomas Reilly added, “By joining CWA, we are able to continue to work closely with our clients to help achieve their goals while benefitting from the larger organization and resources CWA provides.”

Fernwood was represented by Surfside Capital. The deals closed in January.

About CW Advisors

CW Advisors is an SEC-registered investment management firm headquartered in Boston, developing innovative wealth solutions for high-net-worth and ultra-high-net-worth individuals, families, foundations, and endowments. CW Advisors, through superior service and sound, objective advice, offers financial planning and investment consulting and management services, tailored to each client’s unique needs to protect and grow assets. CW Advisors provides specialized family office services to meet the distinctive needs of ultra-high-net-worth and multigenerational families. Registration does not imply a certain level of skill or training. For more information, visit www.cwadvisorsgroup.com.

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CONTACT: For more information contact:

Kelly O’Neill

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201.286.3081

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS

INDUSTRY KEYWORD: ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE

SOURCE: CW Advisors, LLC

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PUB: 02/03/2025 06:30 AM/DISC: 02/03/2025 06:30 AM

http://www.businesswire.com/news/home/20250203107242/en