May 16, 2023
We announced today in a press release that we have agreed to acquire Ropes Wealth Advisors, a distinguished Boston-based firm that provides estate and financial planning services to families, trustsA legal document that functions as an instruction manual to how you want your money managed and spent in your later years as well as how your assets should be distributed after your death. Assets placed in a trust are generally safe from creditors and can be sold by the trustee in short order, avoiding the lengthy and costly probate process. and institutions. Together, Adviser and Ropes Wealth will manage nearly $15 billion in client assets and have more than 185 employees, including wealth advisors, portfolio managers, financial planning specialists, and client service professionals providing customized wealth solutions through a planning-first, fiduciary-only model.
“We’re thrilled to partner with Ropes Wealth. The firm’s differentiated service offering, which is centered on high-net-worth clients, is as impressive as its talented executive leaders and deep bench of advisors,” said Adviser CEO Mario Ramos. “Their expertise in trustA legal document that functions as an instruction manual to how you want your money managed and spent in your later years as well as how your assets should be distributed after your death. Assets placed in a trust are generally safe from creditors and can be sold by the trustee in short order, avoiding the lengthy and costly probate process., estate and tax planning will be a game-changing addition to our wealth management platform.”
Mr. Ramos continued, “With this combination, we will deepen our leadership position serving wealth management clients with complex planning needs.”
Ropes Wealth Advisors, previously a wholly owned subsidiary of the global law firm Ropes & Gray, will retain its brand and offices and continue as the preferred provider of wealth management services to Ropes & Gray clients and partners.
The co-chairs of the private client group at Ropes & Gray, Brenda Diana and Martin Hall, will also join the Adviser Investments management team, with Diana as chief fiduciaryA person or organization who manages assets for a third party, and is legally bound to act in the best interests of that third party, putting the third party’s interest before their own. officer and Hall as managing director. In addition to their roles with Adviser, Diana and Hall will continue to offer legal services through a new law firm specializing in domestic and international estate, tax and charitable planning, estate settlement, and fiduciary administration.
The new relationship between Adviser Investments and Diana and Hall will enable wealth management clients of both Adviser and Ropes Wealth to benefit from leading tax planning and collaborative, coordinated legal advice.
Adviser and Ropes Wealth are highly complementary organizations in terms of vision, values and commitment to delivering exceptional service to individual and institutional clients. This excellent cultural and strategic match enables us to enrich our wealth management offerings. We look forward to all that we can achieve together.
Our statements and opinions are subject to change without notice. All investments carry risk of loss and there is no guarantee that investment objectives will be achieved.
Polaris Wealth Advisory Group and Adviser Investments are now under one new brand, RWA Wealth Partners.
Over the next few months, we are transitioning to a new website under our new brand. For you, this means a better experience and more access to valuable education, insights and advice. It also means you gain access to expanded wealth management solutions such as tax¹ and legal services², alternative investments and more. Explore this site for additional information on these new services and call your advisor with any questions at 833-RWA-PLAN.
¹Personalized tax advice and tax return preparation is available through a separate, written engagement agreement with RWA Tax Solutions, LLC.
²Legal services can be obtained through a separate, written engagement via our relationship with Hall & Diana, LLC