Rockville, MD. January 31, 2017 —Bronfman E.L. Rothschild LP today announced that it has acquired TriCapital Advisors, Inc., an independent investment advisor based in Rockville, Maryland. Specializing in investment management, financial planning, tax and estate planning, TriCapital Advisors manages $185 million* in client assets. TriCapital Advisors President, Mark Schwartz; Vice President of Operations, Jan Campbell; and Client Service Manager, Rebecca Ward Maranville will join Bronfman E.L. Rothschild after the acquisition is completed.
The acquisition of TriCapital Advisors marks Bronfman E.L. Rothschild’s third acquisition in less than two years, having acquired Highline Wealth Management in August 2015 and Lake Country Wealth Management in April 2015. Bronfman E.L. Rothschild is focused on growing its business in the Midwest and East Coast both organically and through mergers and acquisitions.
Commenting on the acquisition, Neal Simon, Bronfman E.L. Rothschild's CEO, said, “We are committed to the continued growth of our business and keep an eye out for partners that fit well within our client service culture. TriCapital Advisors is a natural fit. Mark Schwartz and his team take a holistic, independent and long-term approach to wealth management, which aligns well with our philosophy and values. We are well positioned to serve TriCapital’s clients, who receive both wealth management and some retirement advisory services, and are delighted to have Mark and his team on board.”
Mark Schwartz, who is President of TriCapital Advisors and will become a Managing Director at Bronfman E.L. Rothschild, said, “Our clients will benefit from the scale and expertise of Bronfman E.L. Rothschild, enabling them to enjoy a broader level of administrative and investment support for decades to come. We look forward to a smooth transition to a firm that is so well aligned with our values and investment philosophy and are proud to be part of the Bronfman E.L Rothschild team.”
About Bronfman E.L. Rothschild
Based in Rockville, Maryland, Bronfman E.L Rothschild creates, grows, and preserves wealth through thoughtful and disciplined strategies that focus on what’s most important to each client. With nine offices throughout the Midwest and East Coast, we offer comprehensive wealth management and planning to individuals and families as well as retirement advisory and consulting services to retirement plan sponsors, managing more than $4.2 billion in assets**. Our in-house research capabilities and the collective expertise of our team are supported by our collaborative, client-focused culture. Our 75 employees adhere to a high standard of fiduciary care—we are a CEFEX-certified fiduciary—as we seek to form a true and objective partnership with each client we serve.
* As of 12/31/16
**As of 9/30/16
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Bronfman E.L. Rothschild is a registered investment advisor. Securities, when offered, are offered through an affiliate, Bronfman E.L. Rothschild Capital, LLC (dba BELR Capital, LLC), member FINRA/SIPC.
CEFEX assessment process is based on the international standard, ISO 19011: Guideline for quality management system auditing. The assessment is evidence based, and all work is reviewed by the CEFEX Registration Committee to ensure impartiality and consistency. The assessment typically includes document review, client file sampling, on-site visits and interviews with senior representatives at the firm. The assessment is conducted by CEFEX Analysts who must hold the Accredited Investment Fiduciary Analyst ® designation and a minimum of the ASPPA 401(k) Administrator (QKA) designation for ASPPA certifications. CEFEX Analysts maintain annual assessment training. For more on this assessment process, visit www.cefex.org