Cary Street Partners has formed a strategic partnership with CIVC Partners through a significant investment, aimed at accelerating growth and enhancing operational capabilities in the independent wealth management sector.

Overview of Cary Street Partners

Cary Street Partners Financial LLC (CSP) is a prominent independent financial services firm headquartered in Richmond, Virginia. With a presence in 19 offices across seven states, the firm manages approximately $10 billion in assets across its subsidiaries. CSP offers a range of comprehensive wealth management services, including investment management, financial planning, and advisory services, all tailored to meet the unique objectives of individuals, families, and institutions. The firm prides itself on fostering a culture that prioritizes independence and objective thinking, positioning itself as a trusted partner in financial decision-making.

Recently, CSP has entered into a strategic partnership with CIVC Partners, marking a significant milestone in its growth trajectory. This partnership entails a substantial investment from CIVC, aimed at enhancing CSP's capacity for organic expansion and strategic acquisitions while simultaneously reinvesting a significant majority of existing ownership into the firm.

Industry Overview in the United States

The wealth management industry in the United States has experienced substantial growth over recent years. As one of the largest financial markets globally, it benefits from a robust economic foundation and a rising demand for personalized financial