The Roosevelt Investment Group, a New York-based advisory firm, has acquired New Jersey-based Value Architects Asset Management along with its affiliate Blueprint Financial Planning.
The acquired entities offer financial planning and investment management services to both individuals and institutions. Financial terms of the transaction were not disclosed.
Value Architects CEO Rick Konrad said: “The combination of both firms’ experience and knowledge in investment management and financial planning will enable us to provide a more comprehensive and enduring service for our clients.
“Roosevelt shares our values in consistently putting clients’ needs first and has exceeded our hopes for combining with a firm that will continue our tradition for excellent service, investment expertise, and a cultural environment our clients and associates deserve.”
Roosevelt co-CEO Adam Sheer added: “We are thrilled that Rick and Vicki, the founders of Value Architects Asset Management and Blueprint Financial Planning, chose to join Roosevelt.
“They truly care about their clients and strongly embrace securities management with in-depth financial planning. Their wisdom and experience will be critical in enhancing the experience we offer all Roosevelt clients.”
Roosevelt provides equity, fixed income and balanced investment strategies for HNWIs, funeral homes, cemeteries and several institutional clients. The business managed around $2.6bn in assets at the end of August 2018.