Investment consultant The Bogdahn Group acquired fellow investment consultant Gregory W. Group, a Bogdahn Group news release said.
The acquisition closed on Oct. 1. Terms of the deal were not disclosed.
Gregory Weaver, founder and chairman of Gregory W. Group, said in a client consent letter that the “transaction between Bogdahn and GWG will result in an assignment of GWG’s assets to Bogdahn.” He added that Gregory W. Group’s business would continue under the Bogdahn name.
As of Dec. 31, The Bogdahn Group had $52.1 billion in worldwide institutional assets under advisement, according to Pensions & Investments data. Assets under advisement for Gregory W. Group were not available.
Bryan Bakardjiev, Bogdahn’s chief operating officer, did not immediately return a phone call seeking further information.
