San Francisco-based First Republic Bank will acquire Constellation Wealth Advisors, a New York-based independent multi-family investment office, in an approximately $115 million deal, the company announced.
With $6.1 billion in assets under management, Constellation Wealth Advisors serves high-net-wealth families with strategic investment advice and asset allocation.
The deal, advised by New York-based mergers and acquisitions specialists Silver Lane, is expected to close in the third quarter.
