Florida RIA managing $1 billion joins The Colony Group

Florida RIA managing $1 billion joins The Colony Group
Steinberg Global Asset Management brings Colony's AUM to $7 billion
MAR 18, 2019
Steinberg Global Asset Management, a Boca Raton, Fla.-based registered investment adviser managing just over $1 billion in assets, is joining The Colony Group, a national RIA firm based in Boston whose AUM before the transaction stood at $6 billion. The transaction is expected to close in the second quarter. (More:​ See more adviser moves in InvestmentNews' Adviser on the Move database.) Richard Steinberg, who founded the firm with Norman Steinberg in 1993, will become Colony's chief market strategist, co-chair of its investment division and a member of its executive team. Colony is a partner firm of Focus Financial Partners.

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