Paoli-Based Investment Advisor Enters Boston Market — No Pun Intended — and Adds $725 Million in Assets

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Great valley advisor
Image via Great Valley Advisor Group.
Great Valley Advisor Group CEO Ryan Todd, left, and COO James Spinelli.

Paoli-based Great Valley Advisor Group has entered the Boston market — no pun intended — adding $725 million in assets under management. The breakthrough into Massachusetts comes with the recent acquisition of U.S. Financial Advisors, writes Jeff Blumenthal for the Philadelphia Business Journal.

Financial terms of the deal have not been disclosed.

CEO John Napolitano heads USFA, which provides investment, insurance, and wealth management services. Napolitano will head the high-net-worth practice of the combined firm.

“We wanted a partner in this (high-net-worth) space,” said Great Valley Advisor Group COO James Spinelli.

GVA partners with independent financial advisors and provides them with technology, investment strategies, compliance, and proprietary compensation tools. The firm — affiliated with LPL Financial Holdings (the U.S.’s largest independent broker-dealer) — had $2.9 billion in assets under management as of Dec. 31.

GVA has been growth-focused in recent years while strategically adding resources. It introduced Valor Asset Management, its dedicated asset management arm, five years ago. It also expanded its in-house technology resources and tools for advisors.

The firm has also completed a number of other acquisitions, expanding its network to nearly 100 advisors across the country.

Read more about Great Valley Advisor Group in the Philadelphia Business Journal.

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