CW Advisors scoops up $1.2B RIA Agili

CW Advisors has unveiled the latest step in its national growth strategy with a landmark acquisition.

The Boston-based RIA announced Monday that it has acquired Agili, a fee-only registered investment advisor based in Richmond, Virginia, and Bethlehem, Pennsylvania.

Terms of the transaction, which was first announced last month and was completed on August 16, were not disclosed.

The deal adds $1.2 billion in assets under management to CW Advisors, which now oversees more than $10 billion across 11 offices in the US.

Beyond eclipsing its deal for $243 million planning firm Mercadian Asset Management in July, today’s acquisition is also notable for being CW Advisors’ fourth and largest deal since aligning with Audax Private Equity in June last year.

“We are excited for this partnership and to welcome Agili’s clients and team members to CW Advisors,” Paul Lonergan, CEO of CW Advisors, said in a statement Monday. “As one of the nation’s earliest fee-only financial planning firms, Agili is a pioneer in this sector. The team’s responsive and innovative service to clients makes them an ideal fit.”

For nearly 30 years, Agili, which highlights a "Personal CFO" model tailored to high-net-worth clients, has been providing financial planning and investment management services since 1993. The firm’s focus on long-term relationships and generational wealth preservation aligns with CW Advisors' broader mission.

Following the merger, Agili will adopt the CW Advisors brand, with its offices in Richmond and Bethlehem remaining open to preserve continuity.

Agili’s president, Michael Joyce, will transition into the role of executive managing director and mid-Atlantic leader for the combined firm.

“This partnership should bring significant benefits to our clients and team,” Joyce commented. “Our firms’ shared values and approach to support clients made this a compelling move.”

“By bringing together CW Advisors and Agili, we see an attractive opportunity to continue our strategic expansion,” added Scott Dell’Orfano, chief strategic officer at CW Advisors. “Our combined expertise and resources will allow us to enhance the firm’s investment and service offerings while positioning the firm for continued growth.”