Integrated Partners, the Boston-based hybrid registered investment advisor platform, has added a neighboring firm formerly with Ameriprise Financial.
City Square Wealth Management, based in Charlestown, Mass., has left its former broker/dealer after about a dozen years to join Integrated, which is an office of supervisory jurisdiction of LPL Financial. The firm had been managing $850 million in client assets with a team of six advisors and nine support staff.
“City Square is a great cultural fit for Integrated,” said Andree Mohr, president of Integrated Partners. “Their philosophy on planning and how they care for their clients and their team is very much in alignment with Integrated.”
City Square will join Integrated’s Form ADV in the move, but retain its name and ownership stake. Integrated also offers a full acquisition W-2 model launched last year, with an eye toward firms looking for a succession move.
Integrated Partners has been winning over broker/dealer teams at a strong clip in recent years, building to 116 offices and over 220 advisors and more than $25 billion in assets under management.
In April, Integrated said it had acquired a Denver-based Ameriprise team, called Brick by Brick Wealth, overseeing $609 million in client assets.
Part of the employee-owned firm’s selling point has been its long-standing CPA Alliance, through which more than 250 CPAs work with the RIA for client services and referral opportunities.
“Integrated is a planning first organization highly focused on solving the problems clients are facing,” Mohr said. “Our commitment to having the right expertise, technology and planning capabilities to support our advisors aligns well with planning focused advisors.”
