Union Bank & Trust To Acquire Virginia RIA

Robbie Lawther

31 January 2018

Virginia-based Union Bank & Trust has agreed to acquire Dixon, Hubard, Feinour, & Brown, a Roanoke, Virginia-based registered investment advisory firm with approximately $600 million in assets under management and advisement.

Founded in 1981, Dixon, Hubard, Feinour, & Brown will operate as a stand-alone subsidiary of Union Bank & Trust, the firm said in a statement.

The current principals and current employees will stay with the firm, which will continue to operate from its current offices in Roanoke.

The acquisition, which is subject to certain closing conditions and approvals, is expected to close during the second quarter.

The financial terms of the deal were not disclosed.

“We are very pleased to bring Dixon, Hubard, Feinour, & Brown under the Union umbrella while retaining the core leadership team that helped build the firm,” said Robert Martin, Union wealth management president for Union Bank & Trust. “We want to expand the reach and capabilities of our wealth management team by adding investment strategies, core competencies and advisory talent in key markets. Dixon Hubard, Feinour, & Brown is one of the preeminent registered investment advisors in Virginia and adds a strong team that will complement our ability to offer broad financial solutions to our clients.”

Union’s Wealth Management offers wealth management services including asset management, trust, estate planning, private banking, brokerage and financial planning. With Dixon, Hubard, Feinour & Brown, it will have more than $3.2 billion in assets under management and advisement.

In January, this publication reported that Union Bank had appointed Ann Ormond Hamilton as a managing director and fiduciary management executive, and Peter Bogardus as a vice president and private wealth advisor.