NFP Corp. has announced that it will acquire wealth advisory firm Bronfman Rothschild, further elevating its wealth management capabilities and scale, according to a March 26 announcement.
Upon finalizing the acquisition, NFP will integrate Bronfman Rothschild with Sontag Advisory LLC. With the transaction expected to close in the second quarter of 2019, the combined entity – to be led by the Sontag and Bronfman Rothschild management teams – will expand the resources and expertise available to clients of both firms.
Through Sontag’s involvement, this acquisition brings together personnel and resources to create a unified firm managing approximately $10 billion in combined assets for a range of individual and institutional clients. Bronfman Rothschild is an independent RIA based in Rockville, MD, with offices throughout the Midwest and East Coast.
“NFP continues to seize opportunities across all our businesses to strengthen capabilities and increase scale,” said Doug Hammond, chairman and CEO of NFP. “The vision to integrate two successful firms like Sontag and Bronfman Rothschild is now a reality that will drive tremendous growth in our wealth advisory business. Their common values and demonstrated client focus provide a strong foundation for even greater success together.”
