Cary Street Partners acquires Seneca House Advisors
The Richmond team adds a West End office to CIVC-backed Cary Street Partners, which now operates 22 locations and manages more than $13 billion in client assets.
Takeaways
- Seneca House Advisors is a Richmond, Virginia wealth-management company providing investment-advisory services to individuals and families.
- Cary Street Partners is acquiring Seneca House Advisors with backing from CIVC Partners.
- The source materials place the business in Richmond, Virginia.
CIVC Partners-backed Cary Street Partners acquired Seneca House Advisors, a Richmond, Virginia wealth-management firm.
Seneca House's financial advisers and staff joined Cary Street at a new West End Richmond office, bringing the combined platform to 22 locations.
Cary Street manages more than $13 billion in client assets across its subsidiaries; that figure represents client assets, not the transaction value.
The acquisition gives the platform additional coverage in Virginia.
Financial terms were not disclosed.
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