Diversified Lifelong Advisors has acquired RZ Wealth, a Wayne, Penn.-based registered investment advisor with $215 million in client assets, the companies announced in a news release.
Financial details of the transaction, which totals $900 million in combined assets under management (AUM), were not disclosed.
Diversified President and Partner Andrew Rosen, Partners Kyle Hill and David Levy, and CEO Michael Fisher will continue to lead the newly merged company. Irvin W. Rosenzweig, founder and president of RZ Wealth, will join the Diversified executive and investment management teams.
"Individuals and families have looked to us for strategies in planning and investment management to help them live a quality life," Rosenzweig said in the news release. "This affiliation strengthens what we have built with additional staff and technologies."
Both RZ and Diversified’s leaders maintained they have dedicated their practices to ensuring the health, wealth, and happiness of their clients.
Diversified Lifelong Advisors is a financial planning and investment advisory firm with offices in Wayne, Pa., and Wilmington, Del. It serves executives, professionals and retirees in both states.