Legacy Wealth Partners to Join The Colony Group
The Colony Group Further Expands In Southern California
The Colony Group, a national, award-winning financial advisory, wealth, and business management firm that manages over $13 billion in regulatory assets under management as of April 30, 2021, announced an agreement for a strategic transaction with Legacy Wealth Partners, based in Calabasas, CA. Colony will have 17 offices nationally with over 275 team members upon the closing of the transaction, which is expected to close later this year, subject to customary closing conditions.
“We had been looking for a wealth management team to complement our growing multifamily office and business management team in southern California,” shared Michael Nathanson, Chair and CEO of The Colony Group. “We enthusiastically welcome Brad Levin, as well as the talented Legacy Wealth team, as we seek to deliver a comprehensive offering to a growing roster of valued clients, including entertainment industry talent, business owners, professionals, and retirees.”
Legacy Wealth Partners, located in Calabasas, CA, was founded in 2001 by Brad Levin. David Tracy joined Mr. Levin in 2004 and ultimately became a partner in the firm as they sought to enhance the firm’s talent and expand its service offering. “Joining Colony is the culmination of everything we have been working on over the past twenty years,” shared Mr. Levin, who will join Colony as a Managing Director and Senior Wealth Advisor. “We were seeking a partner that shared our culture so we could maintain our high-touch, boutique approach, while broadening the capabilities now available to us as part of a larger enterprise.”
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 RIA Firm from 2018 to 2020. Colony was also recognized by InvestmentNews on its list of Best Places to Work in 2018, 2019, and 2021.