Boston-based RIA CW Advisors (CWA) announced Friday that it acquired three fee-only advisory firms in California, Massachusetts and Texas, adding a combined $1.6 billion in assets under management (AUM).
The three firms acquired by the Osaic subsidiary are Yosemite Capital Management in Newport Beach and Fresno, California; Threadgill Financial in The Woodlands and League City, Texas; and Peddock Capital Advisors in Braintree, Massachusetts.
The deals added five offices, establishing CWA’s first locations in Texas and adding offices in California and Massachusetts. CWA also acquired tax practice Peddock Tax Services as part of the Peddock deal.
“All three transactions have closed in the last 30 days,” a CWA spokesperson told Wealth Solutions Report by email on Monday. As part of the acquisitions, CWA added eight team members from Yosemite, three team members from Threadgill and six team members from Peddock.
The spokesperson said executives from all three acquired firms remained with CWA as Managing Directors or Wealth Managers. “As with all CWA acquisitions, the firms began operating as CW Advisors the day following the close.”
“These three acquisitions reflect our commitment to thoughtful growth in key wealth centers, bringing on exceptional talent who share our dedication to white-glove client service, and expanding the services we provide to clients,” Scott Dell’Orfano, CEO of CWA, said in a press release announcing the acquisitions.
“The opportunity to join a local firm appealed to us, and we look forward to the added support and access to CWA’s impressive platform,” Peter Simmons, CEO of Peddock, said in the press release.
“Joining CW Advisors gives us access to expanded technology and tools to better serve our clients,” Paul Heckler, Managing Director of Yosemite, said in the release. “These resources allow us to spend more time working directly with the people who brought us to this industry—our clients. We’re excited to offer them a broader range of services.”
According to CWA, the firm now operates 30 offices and oversees more than $19.7 billion in AUM. It is on track to complete eight acquisitions this year, compared with seven last year, and projects assets will rise from $14.5 billion to more than $22 billion by year-end.
The spokesperson said CWA plans to maintain its strategy and remain active in the M&A market in 2027.
Gladstone Associates represented Peddock in the transaction, while Boardwalk Financial Partners facilitated the Yosemite and Threadgill deals.
“While I’ve introduced many sell-side RIA clients to dozens of great strategic acquirers, CW consistently stands out for its exceptional cultural fit and strong business alignment,” Shad Besikof, Founder and CEO of Boardwalk Financial Partners, said in the press release. He also pointed to sellers’ ability to retain their local entrepreneurial approach while gaining support to focus on clients and growth.
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jeff.berman@wealthsolutionsreport.com.
