Roulston & Co. and Hickory Group are merging, said Scott Roulston, CEO of Roulston. The new money manager will have $800 million in assets under management. Terms were not disclosed.
Mr. Roulston will be CEO of the new company, which has yet to be named. It will be operational in October. Hickory Group founder Paul R. Abbey will be senior managing director, chairman of the investment committee and member of the management team.