World Investment Advisors announced the acquisition of Nashua, New Hampshire-based TCG Wealth Management, with approximately $140 million in client assets. TCG is joining World branch Boston Harbor Wealth Advisors and will continue to use its brand.
TCG was founded in 1994 by Managing Director Michael Cerato and includes Vice President James Abagis and Client Service Manager Melanie Lavigne. It focuses on high net worth families, business owners and non-profits in New England.
“Michael, James, and Melanie have built a practice that exemplifies discipline, personalization, and long-term relationships,” said Edward Walters, President of World Investment Advisors. “Their culture and commitment to clients make them a natural fit for World as we continue expanding across New England. We are also pleased to see the growth of our Boston Harbor team through the addition of such a respected firm.”
“Joining World gives us access to broader investment platforms, advanced technology and operational support while letting us stay true to our fiduciary values,” Cerato said. “Our regional and personal connection with Boston Harbor Wealth Advisors was also crucial to our decision to join World. Their integrity, culture and client-service philosophy mirror our own, confirming this was the right choice for our clients and our team.”
Formerly known as Pensionmark Financial Group, Santa Barbara, California-based World has more than 630 advisors and staff in over 100 locations.
“With TCG joining our Boston-based team, we’re building momentum in New England, proving that advisors can pursue growth without sacrificing culture,” added Walters, who was recently appointed President of World Investment Advisors.
Janeesa Hollingshead, Contributing Editor at Wealth Solutions Report, can be reached at editor@wealthsolutionsreport.com.
