The Colony Group Buys New Providence Asset Management
Posted on 07/07/2021
Boston-based The Colony Group, LLC is a U.S. fee-only wealth and business management firm. The Colony Group signed a deal to buy New Providence Asset Management LP, a New York City-based investment advisory company overseeing US$ $2.8 billion in client assets as of the end of March 2021. As of March 31 2021, The Colony Group had US$ 13 billion in regulatory assets under management.
The Colony Group’s chairman is Michael Nathanson.
John Vogelstein founded New Providence Asset Management LP in 2003. Once the two companies merge, John Vogelstein will step into the position of Colony’s vice-chair emeritus.