Solenture Adds $400M New Jersey RIA, Crosses $1B AUM

Pittsburgh-based consulting and advisory firm Solenture LLC announced that it has acquired Somerville, NJ-based RIA Reedmark Advisors, adding $400M to its now over $1B in AUM, per a press release published October 22.

The Reedmark team, led by founder and CEO Anthony Pascazio, specializes in retirement planning for midsize employers, large non-profit organizations, and healthcare providers. The acquisition took effect on September 1 for an undisclosed amount.

With the deal, Solenture said its total managed assets crossed $1B, and it now operates out of a second location in New Jersey, as Reedmark adds its Somerville location to Solenture’s existing Red Bank location.

View the press release here.