CW Advisors, a Boston-based registered funding advisor backed by Audax Personal Fairness, has booked over $3.5 billion in new shopper belongings this yr after including two corporations with greater than $1.4 billion in belongings below administration.
On Thursday, the RIA introduced it acquired Wolf Group Capital Advisors and Parsons Capital Administration, each of whose advisors will be a part of the agency as W-2 workers and tackle the CW Advisors identify.
The deal is the third introduced this yr by CW Advisors, which is led by Scott Dell’Orfano, who was promoted to CEO from chief strategic officer in the beginning of this yr. In March, the RIA made its largest acquisition of 2025 with Delta Monetary Group, a Basking Ridge, N.J.-based fee-only advisor managing $1.3 billion in shopper belongings. In February, it acquired two RIAs in its hometown space with a mixed $800 million in belongings.
With the acquisitions, CW Advisors has grown to 17 workplaces and greater than 140 workers managing near $14 billion in AUM. Nonetheless, Dell’Orfano stated the agency stays sufficiently small for newly acquired RIA heads to make their mark.
“We’re collectively constructing one agency nationally,” he stated. “People are available and can provide us their perception, give us their experience and assist craft and construct the agency as we go.”
Wolf Group is a fee-only RIA based mostly in Fairfax, Va., which shall be CW Advisors’ second workplace in Fairfax.
Parsons Capital Administration is a New Hope, Penn.-based RIA that can be a part of two CWA workplaces in Bethlehem and Wynnewood, Penn.
Dell’Orfano stated CW Advisors was partly within the Wolf Group because of its tax planning experience. He stated the Parsons’ group was a draw for its capabilities in natural development.
Audax Personal Fairness purchased a minority stake in CW Advisors in 2023, shopping for out CI Monetary, which had taken its stake in 2020.
Dell’Orfano stated after about 5 years of M&A piece, the RIA has a great relationship with the funding banking group relating to discovering good-fit corporations. He additionally attributes the deal circulate to CWA’s success in integrating corporations, which ends up in optimistic critiques for potential sellers.
“We’ve discovered rather a lot with each integration we’ve gone by way of,” Dell’Orfano stated, noting CWA has a devoted integration group. “The largest factor we’ve discovered, and that we actually spend extra time on now, is the individuals facet. Ensuring individuals really feel snug and that the cultural facet of issues is working. Integrating applied sciences is one factor, however it’s good to spend time integrating the tradition and the individuals.”
Dell’Orfano stated CW Advisors is speaking with extra corporations for potential acquisitions this yr.
“The market realizes now that we’re on this area now and that we’re fairly aggressive,” he stated.
