Santa Barbara financial firm acquires Boston company
Santa Barbara-based World Investment Advisors, a subsidiary of World Insurance Associates, announced July 17 that it has acquired Boston Harbor Wealth Advisors for an undisclosed amount.
Boston Harbor Wealth is an independent financial services firm located in Westborough, Mass and was represented by DeVoe & Company.
It specializes in comprehensive financial planning and goal-oriented investment management for individuals, families and businesses and has over $3.5 billion in assets under management (AUM), 76 team members, and 15 offices across the Northeast and Ohio.
“We are delighted to welcome the Boston Harbor team to the World family. In addition to an incredible group of financial advisors, we are fortunate to be adding premier leadership and team members that will prove invaluable for our advisors, clients and ongoing acquisition growth strategy,” said Troy Hammond, CEO of World Investment Advisors.
“This partnership further solidifies World as the destination of choice for growth-focused advisory firms.”
This is World Investment Advisors’ third acquisition in the past nine months and its second with more than $3 billion in AUM, according to a press release.
Underscoring its commitment to wealth management, World Investment Advisors now has $11.5 billion in total wealth AUM, comprising 64% of overall firm revenue.
