AMG Wealth Partners LP, a subsidiary of Affiliated Managers Group Inc., has acquired an equity interest in Clarfeld Financial Advisors LLC, AMG announced Monday.

Terms of the deal were not revealed. Clarfeld’s management and employees continue to hold a majority of the equity in the business and will retain operating autonomy to manage the firm.

Clarfeld, based in New York and with a presence in London, provides comprehensive investment, estate and financial planning, as well as tax planning and compliance, risk management and family office services to corporate executives, business owners, professionals and other high-net-worth individuals and their related family trusts and foundations, according to AMG.

The firm, which advises on approximately $4 billion of client assets, specializes in advising U.S. citizens who live abroad on their tax and financial issues. The aggregate assets under management of AMG’s affiliates is more than $470 billion, AMG says.