A West Hartford-based wealth management group has agreed to be acquired by a New York investment advisor.
Officials with Wealthspire Advisors said their company has signed a definitive agreement to take over Private Capital Group LLC, which has offices on South Main Street near West Hartford Center.
A purchase price was not disclosed.
The transaction is expected to close some time in the fourth quarter of this year.
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Wealthspire oversees approximately $13.5 billion in assets under management and operates 14 offices across the country, including in Westport.
Private Capital Group, which was formed in 2003, currently manages about $1 billion in assets.
