Berkshire Global Advisors client First Republic acquires Constellation Wealth Advisors
Constellation Wealth Advisors, LLC was established in 2007 as an independent multi-family investment office with an uncompromising commitment to the best interests of its clients. With offices in New York and Menlo Park, California, the firm is committed to long term relationships with client families to help them reach and maintain their life goals and to simplify the inevitable complexities that come with wealth. Prior to forming the company, the managing partners of Constellation Wealth Advisors had built two of the largest wealth management practice groups at Citigroup’s Family Office Division.
Founded in 1985, First Republic and its subsidiaries offer private banking, private business banking and private wealth management, including investment, trust and brokerage services. First Republic specializes in delivering exceptional, relationship-based service, with a solid commitment to responsiveness and action. Services are offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Palm Beach, Greenwich and New York City.
First Republic Bank, a leading private bank and wealth management company, and Constellation Wealth Advisors, one of the nation’s foremost independent wealth advisors, today announced that First Republic Investment Management, Inc., a wholly-owned subsidiary of the Bank, will purchase Constellation Wealth Advisors for approximately $115 million, subject to the satisfaction of certain closing conditions. Constellation, which has offices in New York City and Menlo Park, operates in regions where First Republic has a strong presence.