Newton, MA (PRWEB) July 02, 2015
Verge Advisors LLC announced that effective July 1, 2015 the firm has merged with Wernau Asset Management Inc., a registered investment advisor and family office manager with offices in Newton and Gloucester, Massachusetts.
Verge Advisors’ founder, Jonathan Iannacone, will become Managing Director in Wernau Asset Management’s Private Client Group, with a focus on family office and business owner clients. Wernau Asset Management’s founder, Peter Wernau, will remain the firm’s CEO and portfolio manager.
“The addition of Jonathan and his team to the Wernau Asset Management family has been on the radar for several years. Jonathan and I have done business together for over 20 years and finally the time was right to formally combine forces,” said Mr. Wernau.
The Verge Advisors team brings an expertise in CFO services and exit planning which will benefit both the family office and investment management arms of the business. “Jonathan’s diverse background as a CPA, Investment Advisor Representative and CFO will add tremendous value to new and existing clients.” continued Mr. Wernau.
“The chance to work with Peter Wernau was one of the primary reasons I located Verge Advisors in Massachusetts a decade ago. I am thrilled that we now have the opportunity to work directly as a part of the Wernau Asset Management team and look forward to participating in a meaningful way to its continued growth,” said Mr. Iannacone.
Wernau Asset Management, which manages over $60 million in Regulatory Assets Under Management as of 3/31/2015, is a registered investment advisor providing investment management, consulting and family office services to successful individuals and their families.
Verge Advisors, is a business consulting firm specializing in CFO services, exit planning and consulting to business owners.