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Citizens Financial Group to acquire Clarfeld Financial Advisors

Nov 06, 2018 - Marketline Newswire
Board and Executive Moves-Mergers and Acquisitions

Rhode Island-based Citizens Financial Group has agreed to buy Clarfeld Financial Advisors, a New York-based wealth management firm and multi-family office, for an undisclosed sum.

The Clarfeld team includes CFAs, CPAs, attorneys and CFPs, who cater to HNW and UHNW customers. The business reported around $6.6bn of assets under management and nearly $900m of assets under administration at the end of September 2018.On a combined basis, Citizens Bank Wealth Management and Clarfeld will manage ...