Noyes Acquires Chicago Tax, Accounting Practice To Bolster Family Office Operation

Robbie Lawther

23 January 2018

Noyes, a 110-year-old wealth management and investment banking firm, has acquired Kiely & Associates, a 25-year-old Chicago tax and accounting practice founded by John Kiely.

The deal will be part of the firm’s long term plan to improve Noyes’ multi-family offering for high net worth financial advisors and their clients, the firm said in a statement.

Kiely & Associates will provide comprehensive family office, tax, and business solution services to Noyes’ existing clientele and the market.

The founder of Kiely & Associates, Kiely, started his practice a quarter century ago from Checkers, Simon and Rosner in Chicago, where he served market makers, seat holders, independent securities, and futures traders on the Chicago Board Options Exchange, The Board of Trade, and the Chicago Mercantile Exchange. He started his career in 1977 as a special agent for the IRS.

The launch of family office services is the latest in several service expansions to Noyes’ core business, that includes wealth management, investment banking, financial planning, and capital markets.

“John launched Kiely & Associates with the ardent commitment to his client’s best interests. This focus will serve Noyes well as we continue to expand our service offering,” said Matthew Reynolds, Noyes’ chief operating officer. “This acquisition and launch of family office services exemplify Noyes’ dedication to delivering a client-centric, financial advisory platform with unparalleled capabilities to financial advisors who provide holistic advice.”

The financial terms of the deal were not disclosed.

Noyes is a full-service investment firm headquartered in Chicago with branches throughout the Midwest. Noyes, founded in 1908, has served the Indianapolis area for nearly 85 years. Noyes has eleven offices in Illinois, Indiana, and Michigan.

Last week, this publication reported that Noyes had appointed Timothy Hoffman to its wealth management division.