Chicago-based McGladrey LLP (FY14 net revenue of $1.5 billion) announced the acquisition of substantially all the assets of Pacilio Wealth Management of Westport, Conn., by McGladrey Wealth Management LLC.
The transaction provides McGladrey with a wealth management presence and enhances the firm’s position as the leading provider of assurance, tax and consulting services focused on the middle market in Connecticut.
“We are pleased to welcome the Pacilio Wealth Management team and clients to McGladrey,” says Tom Ferreira, McGladrey’s regional MP of the Northeast region. “We have been looking for opportunities to bring wealth management to our Northeast region, and the strong reputation and solid client base of Pacilio Wealth Management provide a great foundation for us to begin offering this value-added service to our current and potential clients in Connecticut and across the region.”
“We are very excited to be merging with McGladrey Wealth Management. Their approach to wealth management, combined with the firms’ clientele and values, are very similar to Pacilio Wealth. To be selected as the firm to help build a presence here in Connecticut and the region was highly compelling. Our current clients will also benefit from the many resources McGladrey has to offer,” says Tom Pacilio, MP of Pacilio Wealth Management.