Trending...
- New Report Reveals Surprising Trends in Ohio Airport Accidents
- Where Were the Women? Reframing the Greek Revolution Through Contemporary Art
- Tony Grundler Introduces Artificial Intelligence V.S. Avatar-Ian's
PLYMOUTH MEETING, Pa.--(BUSINESS WIRE)--Pinnacle Advisory Group, a leading Wealth Management Firm in Columbia, MD with an office in Miami has sold to Congress Wealth Management, a Boston-based RIA. Pinnacle manages approximately $2.4 Billion in assets for 1250 families, and the combined business now has $5.8 Billion in assets, 83 employees and 7 offices nationwide.
According to Pinnacle Managing Partner Dwight Mikulis, "After a lifetime of working with clients, the partners at Pinnacle Advisory Group were looking for an investment banking firm that could navigate not only the financial aspects of selling a practice after 28 years but also work with a diverse group of shareholders. Mike Bilotta and Gladstone Associates LLC accomplished everything we were hoping for including finding a wonderful firm to take care of our clients and employees. There is no question that they can handle any transaction in the RIA space whether representing buyers or sellers. They have the experience and patience to complete a complicated process and make it seem simpler for their clients."
More on The PennZone
Per Scott Dell'Orfano, Chief Strategic Officer for Congress Wealth: "Paul Lonergan (Congress' President), CI Financial and our team have been actively considering acquisition opportunities with a like-minded firm that brought great talent and a compatible culture to the table, in order to help with our strategic growth initiatives. Pinnacle Advisory Group is an excellent fit for the values and high-level client engagement that Congress has been known for since our creation, and they were well-represented by Gladstone."
Gladstone Associates LLC is a Pennsylvania corporation providing M&A- Advisory and Consulting services on a national basis to Independent Financial Advisory Firms.
According to Pinnacle Managing Partner Dwight Mikulis, "After a lifetime of working with clients, the partners at Pinnacle Advisory Group were looking for an investment banking firm that could navigate not only the financial aspects of selling a practice after 28 years but also work with a diverse group of shareholders. Mike Bilotta and Gladstone Associates LLC accomplished everything we were hoping for including finding a wonderful firm to take care of our clients and employees. There is no question that they can handle any transaction in the RIA space whether representing buyers or sellers. They have the experience and patience to complete a complicated process and make it seem simpler for their clients."
More on The PennZone
- Compliance Alert: Maryland, Texas Regulate Use of Artificial Intelligence in Utilization Reviews
- Colony Ridge Communities Celebrates Successful Soccer Season Kickoff with Families and Youth
- Best Companies Group Free Launches Best Places to Work in Michigan Program
- Billy Bob Thornton & The Boxmasters Coming to The Eichelberger Performing Arts Center This August
- NYC Composer/Educator Launches Debut Children's Book to Fantastic Reviews
Per Scott Dell'Orfano, Chief Strategic Officer for Congress Wealth: "Paul Lonergan (Congress' President), CI Financial and our team have been actively considering acquisition opportunities with a like-minded firm that brought great talent and a compatible culture to the table, in order to help with our strategic growth initiatives. Pinnacle Advisory Group is an excellent fit for the values and high-level client engagement that Congress has been known for since our creation, and they were well-represented by Gladstone."
Gladstone Associates LLC is a Pennsylvania corporation providing M&A- Advisory and Consulting services on a national basis to Independent Financial Advisory Firms.
Filed Under: Business
0 Comments
Latest on The PennZone
- KeysCaribbean Offers 'Skip-the-Crowds' Savings With 15 Percent Off April Stays
- Supply & Demand Chain Executive Names Puga Sankara as Recipient of 2026 Pros to Know Award
- Why We're Holding the Line on Pricing
- Moravian Academy Announces New Full-Tuition Impact Scholarship for Upper School Students
- AI Disruption Meets Marine Scale: Off The Hook YS, Inc. (N Y S E American: OTH) Targets Breakout Growth with NextBoat Launch and Aggressive Expansion
- Targeting the Billion-Dollar U.S. Countermeasure Market With AI-Driven Biodefense Platform: Lunai Bioworks (N A S D A Q: LNAI)
- National Focus Turns to Global Conflict, Families of Veterans Lost to Suicide Call for Recognition
- New Global Standard for Transparency Across Critical Resources and Energy Markets: SMX (Security Matters) PLC (N A S D A Q: SMX)
- Forced Psychiatric Hospitalization Fails Vulnerable People: CCHR Urges Repeal Amid Rising U.S. Policies
- Surging Into High-Performance AI With $AMD Partnership, Patent Expansion, and Strengthened Balance Sheet: Avalon GloboCare Corp. (N A S D A Q: ALBT)
- ATTAIN Profiles the Invisible Billionaire Who Started With $75 and Died the Richest Man in A
- Kiko Nation Launches Mobile App to Modernize Livestock Management and Digital Animal Registry
- NEW MANAGEMENT BOOK: Creating a Joy-Centric Culture
- QuickTrack by Datalex Transforms Retail Promoter Management with Claude AI and Real-Time Insights
- Kaltra Introduces Seasonal Discounts on Replacement Coils for Carrier, York, and Trane Chillers
- Evolve Construction Mobilizes Commercial Storm Response Across Illinois With AI-Powered Damage Documentation and Public Adjusters Partnership
- New Book Synthesizes Six Peer-Reviewed Research Programs Into Unified Framework for Consciousness
- The World's First Fully Regenerative Economy: Securing Energy, Food, and a Clean Planet
- The State of Law Firm Marketing: Top Companies, Awards, and Resources
- USA Best Book Awards Finalist What Love Leaves Behind Releases March 24