New Windfall Asset Administration to Be part of The Colony Group

BOSTON, July 1, 2021 / PRNewswire / – The Colony Group, a national, award-winning financial advisory, wealth, and corporate management company that operates over $ 13 billion in regulatory assets under management as of March 31, 2021, announced an agreement for a strategic transaction with New Providence Asset Management, based in. known New York, NY. Colony will upon completion of the transaction, which is on. expected to have 16 offices nationwide with over 275 team members August 1st, subject to customary closing conditions.

“We are honored by visionaries like Johannes Vogelstein, Andrew Vogelstein, and Pier Friend, and the deep and talented team they have built in a market that is important to us, “said Michael Nathanson, Chairman and CEO of the Colony Group. “New Providence’s Outsourced Chief Investment Officer (” OCIO “) solution for Foundations and Foundations greatly strengthens our current institutional practice. In addition, their unique investment capabilities, including their expertise in private funds, will enhance the opportunities we offer our Family Office Offer customers, expand. “

New Providence was founded in 2003 by. founded Johannes Vogelsteinwho serves as the company’s chairman and is currently led by a team led by the CEO Andrew Vogelstein and CIO Pier Friend. The law firm was founded as an OCIO company for institutions, foundations, foundations, family offices and very wealthy private individuals. New Providence’s offering and capabilities will continue to enhance and complement Colony’s institutional investment team. Colony will provide additional services and support to New Providence’s institutional clients and a full range of family office and wealth management services to its high net worth clients. Johannes Vogelstein will serve as deputy chairman emeritus of the colony, Andrew Vogelstein will join Colony’s leadership team and serve as President of Colony’s Institutional Advisory Services, and Pier Friend will serve as Chief Investment Officer of Colony’s Institutional Advisory Services.

“We founded New Providence nearly 18 years ago to bring our investment experience and acumen to build an independent firm dedicated to providing full-time investment agency services to select families, trusts and trusts. Joining Colony is a natural and corollary step in our evolution, “shared Johannes Vogelstein. Andrew Vogelstein continued, “We spent a lot of time thinking about a strategic partner who we believed would improve our ability to serve our institutional clients as well as our family office clients, and we believe we’re in Colony found the ideal partner. “

Colony and his team members have received prestigious awards from the financial industry over many years. You were recognized by Barron’s as both a Top Independent Advisor from 2009 to 2017 and Barron’s Top RIA Firm from 2018 to 2020. Colony was also named on InvestmentNews’ list of best places to work in 2021, 2019 and 2018.

About The Colony Group, LLC
The Colony Group, LLC (“Colony”) is an independent, fee-paying asset and business management company registered with the Securities and Exchange Commission (“SEC”) located in California, Colorado, Connecticut, Florida, Maryland, Massachusetts, New Hampshire, New York and Virginia. Registration with the SEC does not imply any particular qualification or training level and does not imply that the SEC has endorsed or approved the qualifications of Colony or his agents. With origins dating back to 1986, Colony provides individuals and families, executives, business owners, entrepreneurs, athletes and entertainers, institutions and nonprofits with in-depth expertise that extends beyond investment management and tax, real estate, retirement and philanthropic Asset allocation and sustainable investment solutions, family office services, business management services, divorce and dispute resolution services and life enrichment services through Curated by ColonyTM.

Information on awards and recognitions:
Barron’s Criteria for the Top 40 RIA Firms (2018-2020) – Barron’s ranks independent consultancy firms on dozens of qualitative and quantitative components, including assets under management, team size and experience, and consultants and firms’ regulatory records. Barron’s list of Top Independent Advisors included Colony’s CEO, and the criteria on the list included the advisor’s assets under management, contribution to the company’s revenues and profits, and quality of service.

InvestmentNews Top 75 Best Places to Work (2021, 2019 and 2018) – Award winners must be a registered investment advisor or affiliated independent broker-dealer; have been in business for at least a year; and have at least 15 employees. The consultant will gather information about employee benefits and policies, and the employee will confidentially answer an employee engagement and satisfaction survey.

Media contact:
Morgan McGinnis
Prosek partner
[email protected]

SOURCE The colony group

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