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Sean M. Healey, AMG’s chairman and chief executive officer

AMG Wealth Partners makes investment in Clarfeld Financial Advisors

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AMG Wealth Partners has acquired an equity interest in Clarfeld Financial Advisors.

 
Clarfeld’s management and employees continue to hold a majority of the equity in the business and will retain operating autonomy to manage the firm.
 
Clarfeld, based in New York and with a presence in London, provides investment, estate and financial planning, as well as tax planning and compliance, risk management and family office services to corporate executives, business owners, professionals and other high-net-worth individuals and their related family trusts and foundations. Founded in 1981 by Robert A. Clarfeld, the firm advises on approximately USD4bn of client assets. In addition to its domestic capabilities, the firm has a specific expertise in solving the complex financial, estate and tax planning and compliance needs of US citizens working abroad.
 
"Clarfeld is recognised as one of the leading wealth advisory boutiques and we are pleased to welcome them as a partner," says Sean M Healey (pictured), AMG’s chairman and chief executive officer. "Rob Clarfeld and his team have built a highly regarded advisory business with a loyal client following, a strong culture of risk management and a breadth of services and expertise typically found only at much larger firms."
 
John W Copeland, president of AMG Wealth Partners, says: "Given Clarfeld’s strong brand and competitive position, the firm has outstanding prospects to continue to grow its business. Clarfeld is renowned for its unique ability to assist global executives and their families in solving the complexities of cross-border wealth management, asset transfer and tax preparation. We look forward to working with our new partners to grow their advisory business, particularly in the UK."
 
"Through our affiliation with AMG Wealth Partners, we will retain the essential elements of our firm’s operating culture and three-decade history of success while gaining access to enhanced opportunities for growth, especially in our non-domestic business, given the scale and resources of a global financial partner," says Robert Clarfeld. "We are extremely proud of our success in serving senior executives of major corporations, and other successful individuals and their families, with our holistic approach to wealth management delivered by our team of talented and credentialed professionals. Diversifying our ownership structure through this transaction will ensure our sustained commitment to client excellence well into the future."
 
As part of the transaction, a broad group of Clarfeld’s senior professionals has made long-term employment commitments to the firm. The terms of the transaction have not been disclosed.

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