Adviser Investments to combine with Polaris Wealth Advisory Group

Newton, Mass.-based Adviser Investments LLC on April 12 announced it is combining its business with San Rafael, Calif.-based Polaris Wealth Advisory Group LLC, creating a national financial planning advisory firm.

Adviser Investments and Polaris Wealth Advisory together manage nearly $10 billion in client assets, the company said in a press release.

The partnership will create a combination of services, including comprehensive financial planning, and low-cost portfolios of actively managed mutual funds, exchange-traded funds, investment strategies and alternative investments.

The management of Adviser Investments and Polaris Wealth Advisory will own the combined firm in partnership with Summit Partners LP.