Houlihan Lokey Advises CW Advisors

Houlihan Lokey is pleased to announce that CW Advisors, LLC (CW Advisors), a portfolio company of Audax Group and leading wealth advisory firm with $13.5 billion in assets under management, has agreed to be acquired by Osaic, Inc. (Osaic), one of the nation’s largest providers of wealth management solutions. The transaction is subject to customary closing conditions.

Headquartered in Boston with 17 offices across the country and more than 140 employees, CW Advisors (FKA: Congress Wealth Management, LLC) serves high-net-worth and ultra-high-net-worth clients, offering core wealth management and investment advisory services. During Audax Private Equity’s roughly two-year hold, CWA saw its assets under management more than double through a combination of organic and inorganic growth.

Osaic is one of the nation’s largest providers of wealth management solutions and will acquire CWA to build scale in its fee-only channel. CW Advisors will retain its brand, management team, and client service model as an independent registered investment advisor. Existing employee shareholders will retain a meaningful equity stake, and the transaction includes continued equity participation from Audax.

Since July of 2023, CW Advisors has completed 10 acquisitions that helped to expand its geographic footprint and suite of services. The M&A activity complemented strategic initiatives to invest in CWA’s family office business, in addition to corporate investments in CWA’s IT infrastructure, office of the CFO, and marketing efforts to help scale the organization and accelerate organic growth.

Houlihan Lokey acted as financial advisor to CW Advisors. The transaction is expected to close in the third quarter of 2025.

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