Argent Wealth Management and Pillar Financial Advisors have merged effective 1 November 2013.
The new firm, now known as Argent Wealth Management LLC, will manage a combined USD1.2bn in client assets and will continue to offer a full spectrum of investment, tax, financial and estate planning services.
The two firms will operate in their current locations until January 2014 when they will merge operations in Waltham, Massachusetts.
The fee-only firms have been providing independent investment and financial advisory services to high net worth individuals for over 20 years.
“The Argent/Pillar merger is a merger of two firms of roughly equal size in terms of assets, numbers of clients and staff. Both firms, which have always admired and respected one another, are thriving as separate entities,” says Argent president and founder David Duchesneau. “Our new company will be even better and deeper, with synergies and complementary strengths that exceed the stand-alone resources of the individual firms.”
“Combining our firms gives us the ability to grow while remaining a private company, with capabilities that are among the most sophisticated, comprehensive and respected in our industry,” says Pillar president William Baldwin (pictured). “That’s good for our business and our employees, and, most of all, the clients we serve.”