The Colony Group, LLC, a national wealth and business management firm managing over $13 billion in assets, has acquired Derby and Company, Inc.

Derby and Co was founded in 1987 and has since grown into specializing in servicing successful entrepreneurs and professionals as they navigate change. After the purchase, Colony will have 20 offices across the country with 300 team members.

“As we considered the next stage in our journey, we envisioned spending more time with our clients, while collaborating with a broader team,” said Jonathan Derby. “After spending significant time with the Colony team, it was obvious to us that joining forces would be a smart way to move forward.”

“Derby is the fifth transaction we expect to close in just the second half of 2021,” said Michael Nathanson, chair and CEO of Colony. “Our team continues to demonstrate that, through strategic transactions such as this one, we can enhance high-quality wealth management firms, broaden our service offering and ensure continuity for clients and team members.”