M and A
Deals Of The Day: The Latest In Wealth Management M&A – Evermay
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The latest mergers, acquisitions and other corporate actions in the wealth management sector.
Evermay Wealth Management, located outside of Washington, DC, has acquired fellow RIA Insight Wealth Management.
Insight, which is based in Gainesville, Virginia, has $1.06 billion in assets under management, as of March 1.
The acquired firm was owned and operated by Bob Pugh, who is joining Evermay as a senior wealth advisor. He will be bringing his wife, Elaine, with him. The move is Evermay’s fifth such acquisition and the firm seeks to grow by the M&A route.
Pugh began his business in 2005.
