Michael Matty, President of Springfield based St Germain
Investment Management and Christopher Milne, President of Gage-Wiley & Co.,
Inc. announced that they’ve reached an agreement in which St Germain is
acquiring the assets of Northampton-based wealth management firm Gage-Wiley
& Co., Inc. This merger brings together two of the oldest independent
investment management firms in Western Massachusetts under one entity.
The combined company will hold over $2 billion in client
assets and will operate four offices across the state: St Germain Investments in Springfield, October
Mountain in Lee, and Gage-Wiley in Northampton and Plymouth.
Both St Germain Investments and Gage-Wiley began as independent
broker dealers in the city of Springfield, founded by their namesakes in 1924
and 1933, respectively. They have both
remained locally owned, privately held investment management firms, with a
commitment to independence, conservative investment management and highly
personalized client service. They serve a growing clientele of individuals, non-profits
and businesses throughout area, the state and the world.
The investment professionals at Gage-Wiley, and its
registered investment advisor affiliate, New England Capital, will combine with
those at St Germain, to create a deep team of 35 financial management
professionals under the St Germain umbrella.
The offices will continue with business as usual, with advisors and
managers seeing their own clients in their usual locations, but behind the
scenes there’ll be coordination of strengths and resources that will further
enhance services to our unified clientele.
“This is a perfect fit for our clients and our
organization,” notes Christopher Milne, President and CEO at Gage-Wiley. “Our cultures are similar and our approach to
clients is akin to St Germain’s. With
this transition, there’s even more expertise available to help our clients plan
for their financial future.”
Mike Matty added, “We are very excited for what the future
holds for our newly united company. It will allow us, as a group, to reach a
wider client base, provide additional services and resources, while also
maintaining the family –oriented, boutique feel Gage-Wiley is so well known
for.”
Though now an affiliate of St Germain, Gage-Wiley and New
England Capital will continue to do business under their current name, and
Christopher Milne will continue to manage the Northampton and Plymouth offices
in his role as Managing Director.
