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Colony Group Merges with Jones Barclay Boston

By Alex Padalka January 19, 2017

The Colony Group, a fee-only advice firm based in Boston, has merged with Jones Barclay Boston, a Denver wealth management firm catering to professional athletes, Colony says in a press release.

The partnership is aimed at expanding Colony’s sports and entertainment practice as well as giving the firm its first office in the west of the country, according to the press release. For JBB, the move came from a desire to remain a boutique advice firm with the added infrastructure support of a national firm, Craig Jones, the firm’s co-founder, says in the press release.

Jones and fellow JBB co-founder Ian Barclay will lead Colony’s sports and entertainment practice as co-presidents, Colony says. JBB, founded 22 years ago, will change its name to the Colony Group and eight of its team members will stay in the Denver office while JBB’s third co-founder, Mike Boston, will gradually transition out of the firm, according to Colony.

Colony’s assets under management, meanwhile, have reached $5.5 billion with the merger, the firm says. The firm’s 100 employees provide tax, estate, retirement and philanthropic planning from offices in Massachusetts, New York, Virginia, Florida and now Colorado.

The firm caters to high net worth individuals and clients including corporate executives, athletes and entertainers as well as institutions, Colony says.