BostonAdvisors LLC has entered an agreement to acquire the assets of Portsmouth,N.H.-based investment advisory firm Weyland Capital Management LLC.
The deal is expected to close by the end of September. Thenew partnership will facilitate succession planning for Weyland's CEO PollyHenkel.
Weyland manages $175 million of multi-asset portfolios forabout 130 clients who will join Boston Advisors' private advisory group.
The combined company is expected to manage about $4.8billion in assets for more than 500 clients domestically and internationally.