Articles from Cary Street Partners

Since the beginning of 2024, Cary Street Partners has grown from approximately $8 billion to $14 billion in assets under management across all subsidiaries,¹ a 75% increase in less than three years. For the independent wealth management firm, that progress represents more than expansion in assets or office locations.

Cary Street Partners (CSP) announced it has acquired Seneca House Advisors, a respected wealth management firm based in Richmond, Virginia, led by Elizabeth King, Matthew Daniel and Tyler Napier. The transaction expands CSP's presence in the West End of Richmond alongside the firm's headquarters in downtown Richmond and its office in neighboring Glen Allen, while marking the company's 22nd office nationwide.

Cary Street Partners (CSP) announced it has absorbed Pursuit Wealth Management (Pursuit), a Palm Beach Gardens based firm known for its highly personalized client relationships. The transaction will establish CSP’s third office in Florida and further strengthen the firm’s presence in one of the country’s most dynamic wealth markets.

Cary Street Partners announced it has acquired IFS Advisors, Inc., a respected wealth management firm based in Sarasota, Florida, led by seasoned financial advisor Daniel J. Wolff. The move continues a string of recent expansions for Cary Street Partners, reinforcing the firm’s status as a leading independent wealth management firm in the industry.

Cary Street Partners Financial (“CSP”) and CIVC Partners (“CIVC”) today announced a strategic partnership, led by a significant investment by CIVC. This recapitalization of long-standing outside investors provides additional capital to fuel both organic expansion and strategic acquisitions, positioning Cary Street Partners for its next phase of growth. CSP insiders have committed to reinvesting a significant majority of their current ownership while also naming new partners in the firm.

Cary Street Partners (CSP) is pleased to announce the acquisition of Keene & Dorchak, a highly respected wealth management firm based in Fort Worth, Texas. This strategic move further strengthens CSP’s presence in the region, reinforcing the firm’s commitment to delivering exceptional financial planning and investment management services to clients.

Cary Street Partners is pleased to announce that Jeb Cogger, CFP®, ChFC®, has joined as Head of Wealth Planning, Managing Director. Mr. Cogger brings almost 30 years of wealth management and financial planning experience to Cary Street Partners, having most recently served as the Senior Director of Financial Planning, Research & Education at Edelman Financial Engines. In his new role, Mr. Cogger will be responsible for the strategic direction, oversight, and enhancement of client financial planning services, including an expansion of the firm’s advanced planning capabilities. He will also lead Cary Street Partners’ financial planning steering committee, provide timely planning resources and content, and enhance internal training and coaching processes and programs.

Cary Street Partners today announced it has agreed to acquire AnchorCove Partners, a New York metro area firm, founded only a year ago by Matthew Rubin, an industry veteran. Mr. Rubin will serve as Chief Investment Officer of Cary Street Partners and will lead the firm’s wealth management solutions. The firm continues to see significant growth and an expanding advisor base resulting in an increasing demand for comprehensive portfolio management solutions across a broad array of asset classes. Mr. Rubin has more than 25 years of industry experience. Before launching AnchorCove, he was a Founding Partner and Chief Investment Officer of Matrix Private Capital Group in New York City, and prior to that he was a Managing Director at Neuberger Berman where he served as Chief Investment Officer of the Trust Company as well as Chair of the firm’s Asset Allocation Committee. He has also held roles at U.S. Trust Company, a large global single-family office, and Morgan Stanley.

Cary Street Partners announces today the addition of Lance M. Bryan to the firm. Mr. Bryan is an accomplished Financial Advisor with over two decades of experience in the wealth management industry. He joins as Financial Advisor, Director and helps expand the firm’s already existing Charlotte, NC presence.

Cary Street Partners is pleased to announce that Todd A. Engmann has joined the firm as Director and Financial Advisor, working in the firm’s Morristown, New Jersey regional location. With his 25 years of experience as a financial services industry leader, Mr. Engmann brings a track record of service to both his clients and colleagues and deepens Cary Street Partners’ rapidly expanding presence in the New Jersey market. Prior to joining Cary Street Partners, Mr. Engmann held prominent positions, most recently in sales management with Wells Fargo Advisors, where he cultivated an extensive network and built long-standing client relationships. Throughout his career, he has been guided by the cornerstones of integrity, competency, compassion, and attentive service, which have earned him the trust and loyalty of his clients and colleagues.

Cary Street Partners is pleased to announce Eric J. Morris and Thomas B. Underwood, III have joined its wealth management team. Mr. Morris will be spearheading Cary Street Partners’ expansion into Greenville, South Carolina, adding a 17th office and expanding its physical presence into a sixth state. Joining the Greenville office with Mr. Morris are Collin L. Castlebury, Associate Financial Advisor and Kimberly A. Smith, Client Service Associate. Mr. Underwood will be joining the existing Cary Street Partners’ office in Glen Allen, Virginia. Mr. Morris and Underwood previously served wealth management clients for over a decade at Truist and its predecessor firm, BB&T Securities, LLC. They will continue this work while helping to lead Cary Street Partners’ rapidly growing Southeastern market presence.

Cary Street Partners is pleased to announce Ian A. Holder has joined its Virginia Beach wealth management team as a Financial Advisor, Managing Director and Branch Office Manager. Ian previously served wealth management clients at Merrill Lynch for over 14 years. He will continue this work while leading Cary Street Partners’ rapidly growing Greater Hampton Roads market presence. He and Cary Street Partners’ team of Virginia Beach based professionals will focus on delivering best-in-class financial planning and wealth management services to individuals, families, businesses and non-profits throughout the region.

Cary Street Partners announced it has agreed to acquire Dixon, Hubard, Feinour & Brown, Inc. (“DHFB”) from Atlantic Union Bank, a wholly owned subsidiary of Atlantic Union Bankshares Corporation. Founded in 1981, DHFB is a Virginia-based wealth management firm with approximately $1.6 billion in AUM. The transaction will bolster Cary Street Partners’ strong existing Virginia wealth management footprint by adding locations in Roanoke, Charlottesville, and Arlington. With the closing of this latest acquisition, Cary Street Partners will advise nearly 6,000 clients on approximately $7 billion in assets across all its subsidiaries.

Cary Street Partners today announced the firm has acquired Florham Park, NJ based National Wealth Management, an SEC Registered Investment Adviser. Founded in 2005, National Wealth Management provides high net worth individuals and families with comprehensive fee- based financial planning and wealth management services.

Cary Street Partners today announced that Robert J. Comizio has joined the firm as Portfolio Manager, Branch Officer Manager, Managing Director of its Summit, New Jersey office. His appointment adds considerable experience and depth to the branch management team as the firm continues to grow its business and client service offerings in the Tri-State region.