CW Advisors has acquired Peddock Capital Advisors, with the transaction also including tax practice Peddock Tax Services, LLC. The purchase price was not disclosed in the sources.
CW Advisors is a Boston, Massachusetts-based registered investment advisor owned by independent broker/dealer Osaic. The Peddock deal was announced alongside two others: the acquisitions of Yosemite Capital Management and Threadgill Financial. The three registered investment advisors together oversee $1.6 billion in assets under management, according to the source.
Following the three deals, CW Advisors operates 30 offices nationwide and oversees more than $19.7 billion in assets under management, up from $19.7 billion stated earlier in the source. The new teams add five offices across California, Massachusetts and CW Advisors' first Texas locations in The Woodlands and League City.
CW Advisors is backed by Osaic and Osaic's majority owner, the private equity firm Reverence Capital Partners. The source describes the firm as "on track" to acquire eight firms in 2026, according to a spokesperson. It also reports that the moves reflect CEO Jamie Price's thesis that an independent broker/dealer can run a successful fee-only channel to both attract external advisors and keep internal ones seeking to shed commission-based business.
Gladstone Associates represented Peddock in its move, according to the source.