Report: Greenwood Gearhart Merges with $215M Arkansas RIA

High-net-worth wealth management and investment firm Greenwood Gearhart has merged with fellow Arkansas RIA Boston Mountain Money Management, which manages $215M in client assets, the Northwest Arkansas Business Journal reports.

The Boston team is led by Scott Alaniz, who will also join Greenwood’s investment committee, according to the paper. The transaction between the two firms will result in a total of approximately $1.6B in assets managed by 20 staff on behalf of over 1,000 clients across 37 states.

The Boston group will operate under the Greenwood name and will transition from its Bentonville square location to Greenwood’s Rogers office in Arkansas. The merger closed on September 30.

Source:

https://greenwoodgearhart.com/october-2024-nwa-business-journal-ggi-bmmm/