BOSTON, June 2 — CW Advisors, LLC (“CWA”) announced today that Catalina Capital Group, LLC (“Catalina”) has joined the Boston-based registered investment advisor (“RIA”). Catalina is a fee-only RIA with $655 million of assets under management (AUM) in Torrance, California and becomes CWA’s first office in southern California. Terms of the transaction are not disclosed.
“Catalina has a track record of strong growth and exceptional client service. They will be a tremendous asset to our firm” said CWA’s Chief Executive Officer Scott Dell’Orfano. “We are delighted to welcome Chris, Philippe, and Bradd and their clients to CW Advisors.”
“By joining forces with CWA, with whom we share a client-centric culture, we can expand our offering to clients, leveraging resources and expertise across the platform.” added Chris Frantz, Managing Director of Catalina.
With the addition of Catalina, CWA now has two California offices and a total of 24 offices nationwide. The firm employs more than 160 professionals and manages in excess of $16 billion in assets under management for clients, including high net worth and ultra-high-net-worth individuals and families. This transaction further expands CWA’s footprint in the western United States. CWA acquired Rovin Capital in February, adding offices in Lehi, Utah and Mesa, Arizona.
Boardwalk Financial Partners, LLC. is the strategic M&A consultant for this transaction.