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HomePrivate WealthOn The MoveFirst Republic Agrees To $115M Purchase Of Constellation Wealth

First Republic Agrees To $115M Purchase Of Constellation Wealth

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.

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