Pinnacle Advisory Group announced today that it has acquired Durbin Financial Advisors, a registered investment advisory based out of Lakewood Ranch, Fla.

Founded in 1998, Durbin Financial works with close to 40 client families and manages approximately $30 million. Paul Durbin, the firm’s principal, will become Pinnacle’s estate specialist, and advisor Carrie Beren will join Pinnacle’s wealth management team.

“The regulatory burdens on small firms are overwhelming and increasingly time consuming,” Durbin said in a statement. “When we went looking for a larger firm to partner with, Pinnacle was our first and only choice. We think Pinnacle Advisory Group’s size and scope are ideal, and we know our clients will benefit from the merge.”

Pinnacle Advisory Group manages $1.3 billion in assets from over 800 clients nationwide. Based in Columbia, Md., the firm also has a branch office in Naples, Fla.