Capital Advisors to Join The Colony Group
Transaction Marks Colony’s Fourth Strategic Transaction in 2021
The Colony Group (“Colony”), a national, award-winning financial advisory, wealth, and business management firm that manages over $13 billion in regulatory assets under management as of April 2021, announced an agreement for a strategic transaction with wealth management firm Capital Advisors, LLC (“Capital Advisors”) based in Southborough, MA. Colony will have 19 offices nationally with over 300 team members upon closing the transaction, which is expected to occur later this year, subject to customary closing conditions.
“We have known Gus for many years, and are delighted that he and his colleagues will join the Colony team,” said Michael Nathanson, Chair and CEO of The Colony Group. “Colony will be strategically located in five offices across Massachusetts, making it even more convenient for high-net-worth families to access our wealth management and tax services.”
Colony’s presence in Massachusetts has been recognized by the Boston Business Journal, where it has frequently been named among the Largest Independent Investment Advisers in the area beginning in 2008.
Gus Gerulskis founded Capital Advisors in 2003 and has grown it over the years, together with his colleagues. “I have gotten to know Colony’s deep bench of professionals over many years,” shared Mr. Gerulskis, who will join Colony as a Senior Wealth Advisor.” It was an easy decision for us to join Colony as we serve the increasingly complex needs of our clients, including those anticipating a business transition.”
Colony and its team members have also received distinguished financial industry awards over many years, including from Barron’s, both as a Top Independent Advisor from 2009 to 2017 and as a Barron’s Top RIA Firm from 2018 to 2021. Colony is currently listed as the top advisory firm in Massachusetts on the latter list.