Boston-based Columbia Threadneedle Investments will acquire Emerging Global Advisors, a New York-based RIA with $892 million in assets under management.

Emerging Global Advisors (EGA) specializes in smart beta ETFs focusing on emerging markets, advising on the EGShares suite of nine emerging market equity ETFs.

“The experience and knowledge of the EGA team and strong emerging markets ETF products will complement our existing actively managed product lineup,” said Ted Truscott, chief executive officer of Columbia Threadneedle Investments, in released statement. “The EGA acquisition will allow us to reach even more investors and accelerates our efforts as we build our smart beta capabilities.”

Columbia Threadneedle expects the acquisition to expand its efforts to enter the smart beta marketplace. Earlier in 2016, the firm filed preliminary registration statements for several ETFs under the newly minted Columbia Beta Advantage brand, which will track multifactor indexes calculated and maintained by MSCI. The proposed strategies contrast with EGA’s equal and market-cap weighting approaches.

Terms of the acquisition, which is expected to close later this year, were not disclosed.

Columbia Threadneedle Investments is the global asset management group of Ameriprise Financial and manages $464 billion in assets.