RIA M&A Case Study: Aging of Advisor in Sought After Geography

Park Sutton Advisors represents New York City based Tirschwell & Loewy on sale to Provident Bank/Beacon Trust

New York, NY, January 22, 2019 – Park Sutton Advisors, LLC (“Park Sutton Advisors”) is pleased to have served as exclusive financial advisor to Tirschwell & Loewy Inc. on its announced sale to Beacon Investment Advisors and parent organizations Beacon Trust Company and Provident Bank/Provident Financial Services (NYSE: PFS). Founded in 1977, Tirschwell & Loewy is a New York City based independent registered investment adviser serving individuals, families, endowments, foundations and other institutions with approximately $750 million in assets under management. Terms of the transaction were not disclosed.

Jeffrey Loewy, President and CEO of Tirschwell & Loewy said, “We are delighted to announce our plans to become a division of Beacon Trust. Our clients will benefit from Beacon’s strength in wealth advisory services and its range of investment strategies, as well as its enhanced operating scale and extensive market insight.” Valerie Murray, President of Beacon Trust added, “For over 40 years, Tirschwell & Loewy has successfully deployed a solid investment approach through all types of markets and has maintained an unwavering commitment to helping its clients achieve their financial goals. The combination of our two firms will allow us to provide enhanced wealth management offerings to Tirschwell & Loewy’s clients and expand Beacon’s footprint into the New York City market.”

“We are honored to have worked with Tirschwell & Loewy as they evaluated their strategic options,” said Annie Tronoski, Managing Director and Partner at Park Sutton Advisors. “Jeff and his team have built a terrific business in a highly sought after market and it was important to find the strategic partner to provide the resources and cultural compatibility to advance the firm to its next phase. With its roots in the bank and trust model, Beacon was an ideal fit.” Steve Levitt, Park Sutton Founder, stated, “Factors like the evolving competitive landscape, heightened M&A deal activity, and ongoing market volatility, combined with the reality of the aging of advisors over the next 5 – 10 years, will continue to drive more and more sellers to evaluate their alternatives. Park Sutton’s consistent involvement in a multitude of M&A assignments allows our clients to benefit from our objective and informed advice translating to exceptional, diverse, and attainable options for sellers.”

Park Sutton Advisors | Investment Banking Boutique

Park Sutton Advisors is a leading investment banking boutique that specializes in the financial services industry. With over 70 years of aggregate experience, our senior team has worked in many facets of the financial services industry, including investment banking, asset management and mutual funds, consumer finance, insurance, equity research and funds evaluation.

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