Northern Lights Ventures and Echelon Capital Group have announced their merger to form Northern Lights Capital Group.

Northern Lights provides resources and capital to boutique asset management firms, while Echelon specializes in strategic business and distribution.

The merger came with the appointment of five partners: Northern Lights co-founders Timothy Carver, Paul Greenwood and Andrew Turner and Echelon co-founders Jack Swift and John Zimmerman.

Among the firms included in the Northern Lights Capital Group umbrella are Aether Investment Partners, AlphaShares, BME Investment Partners, del Rey Global Investors, Elessar Investment Management, Goodhart Partners, Raven Capital Management, Seizert Capital Partners, and TAMRO Capital.

Collectively, these firms managed approximately $6 billion in assets, as of 30 April 30 this year.