Cantor Fitzgerald Wealth Partners has agreed to acquire Capital Planning Advisory Group, an investment advisor in Yardley, Pa.

Cantor Fitzgerald Wealth, a private wealth management affiliate of New York-based Cantor Fitzgerald investment bank, agreed to the purchase as part of a plan to expand its presence in the Philadelphia area.

This will be Cantor Fitzgerald Wealth’s third acquisition in Pennsylvania and second in the Philadelphia market, according to the firm.

Capital Planning Advisory Group is led by firm President George N. Luciana, who said in a statement that the acquisition will allow the firm to expand client services. The firm was founded in 1988.