The parent company of Waverly Advisors, which is backed by Wealth Partners Capital Group and HGGC’s Aspire Holdings, has acquired Smithfield Trust Company.
Smithfield, based in Pittsburgh, manages approximately $3 billion in assets and is among the region’s largest money management firms, according to the companies. The firm is known for its fiduciary expertise, personalized client service and multi-generational client relationships. The acquisition marks a milestone for Waverly, expanding its trust service line.