RegentAtlantic, a Morristown, N.J.-based RIA, announced on Wednesday that it is merging with New York-based Hillview Capital Advisors.
The $4.7 billion AUM combined firm will continue under the RegentAtlantic brand, according to a news release.
“Hillview is an outstanding wealth manager with a strong reputation for consistently delivering high-quality, holistic planning services to its clients,” said George Stapleton, CEO of RegentAtlantic, in released comments. “We’ve long known the Hillview team and have always thought that our firms would fit well together, as we both offer complementary strengths. This merging of forces is certain to benefit both firms’ clients.”
While neither firm announced their assets under management at the time of the transaction, RegentAtlantic reported about $3.8 billion AUM in the Financial Advisor 2018 RIA Survey and Ranking.
Stapleton will lead the combined firm.
Both David Spungen, Hillview Capital’s CEO, and Jonathan Hochberg, Hillview’s president, will stay on in leadership roles at the firm, according to the news release. Park Sutton Advisors served as Hillview’s advisor on the transaction.
Additional details of the merger were not made available on Wednesday,