Two of the oldest independent investment firms in Western Massachusetts are merging. St. Germain Investment Management announced its acquisition of brokerage Gage-Wiley & Co. and its affiliate RIA, New England Capital.
The two firms agreed to St. Germain acquiring Gage-Wiley & Co.’s assets. The newly combined entity will manage over $2 billion in assets. St. Germain’s existing AUM is $1.9 billion. Its total assets under administration from its brokerage and RIA come to $2.4 billion.
The new entity will also have four offices throughout Massachusetts. Gage-Wiley will continue to operate in Northampton and Plymouth. The two other locations include October Mountain in Lee, and St. Germain Investments in Springfield. Separately, the addition of Gage-Wiley and New England Capital will grow St. Germain’s advisor team to 35 personnel.
Gage-Wiley President Christopher Milne will become a managing director of the combined firm.