Aronson Acquires Wealth Management Firm

Aronson of Rockville, Md. (FY12 net revenue of $49.5 million), has announced that it has acquired wealth management consultancy SpringReef Partners, the Washington Business Journal reported.

Founder Doug Black will stay on as director of the business, which does not provide direct wealth management services but consults about the services provided by other wealth managers. The two employees of SpringReef, will split their time between New Jersey and Aronson’s Rockville office. “SpringReef Partners, LLC provides a unique, invaluable set of services within wealth management, offering unbiased and independent insight into an industry that all too often lacks the transparency that clients deserve,” says Aronson MP Jeffrey Capron.