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Luxon Financial closes Tradition Capital Management deal

Luxon Financial LLC closed its acquisition of Summit, N.J.–based registered investment adviser Tradition Capital Management LLC.

As announced earlier, Tradition Capital Management's business will operate as Tradition Asset Management LLC.

Across all of its subsidiaries, Luxon will help clients manage roughly $3.5 billion in assets.

Luxon is an independent financial services firm and the parent of Cary Street Partners LLC.