Michael J. Nathanson, JD, LLM
Chairman & Chief Executive Officer
October 1, 2019
BOSTON, Aug. 26, 2019 — The Colony Group, a national, award-winning wealth management firm that manages approximately $10 billion in regulatory assets for clients, announced an agreement for a strategic transaction with Harvest Capital Management based in Concord, NH. Colony will have 14 offices in seven states with over 195 team members upon the closing of the transaction, which is expected in the fourth quarter of 2019.
“We are honored to have Marshall Rowe and the talented Harvest team join Colony,” said Michael Nathanson, Chairman and CEO of The Colony Group. “Harvest has developed an engaging, differentiated process that takes business owners – often the leaders of family-owned businesses – through strategic transactions, helping them consider not only the financial implications but also how various structures and outcomes may impact their professional identities and family dynamics. We believe that this capability will be a significant addition to the solutions we currently offer to our business owner clients.”
Harvest was founded in 1995 by Marshall Rowe, the firm’s CEO. Rowe later partnered with Jim Fitts, CFP®, and John Weeks, CExP™, as the firm enhanced its talent and service offering to meet the needs of business owners anticipating strategic transactions with respect to their businesses. Harvest’s services and capabilities will further expand Colony’s family office service offering for ultra-high net worth and high net worth families. Harvest’s sustainable investing solutions will also enhance Colony’s existing investment strategies. Sustainable investing options are increasingly desired by many investors, including affluent families.
“Reflecting our culture of continuous improvement, we spent time seeking the strategic partner we believed would best improve our capability to serve our clients, and Colony emerged as the clear choice. We look forward to working with our new colleagues across offices to further benefit the business owners we advise,” shared Rowe, who will join Colony’s executive team and lead its Business Owner Practice.
Colony and its team members have received distinguished financial industry awards over many years. They have been recognized by Barron’s, both as a Top Independent Advisor from 2009 to 2017 and as a Barron’s Top 40 RIA firm in 2018. Colony was also the 2018 Trailblazer IMPACT Award™ Winner and the 2010 Best-In-Business IMPACT Award™ Winner. Colony is one of only two firms to ever win two IMPACT Awards™, part of Charles Schwab & Co., Inc.’s IMPACT Awards™ program. The firm is committed to diversity and one of its principals was named to InvestmentNews’ Women to Watch list in 2018.*
Colchester Partners, a Boston-based M&A advisory firm, advised Harvest on the transaction.