CW Advisors Boosts AUM by $1.4B with Dual RIA Acquisitions 

CW Advisors, LLC (CWA), a Boston-based registered investment advisor, acquired Wolf Group Capital Advisors (WGCA) and Parsons Capital Management, LLC (Parsons), adding over $1.4 billion in assets under management and increasing its total assets to more than $13 billion. 

This is the third deal announced this year by CW Advisors, which is led by CEO Scott Dell’Orfano, who transitioned from chief strategic officer at the start of 2025. In March, the firm completed its largest 2025 acquisition, purchasing Delta Financial Group, a Basking Ridge, NJ-based fee-only RIA managing $1.3 billion in client assets. In February, CW Advisors acquired two Boston-area RIAs, collectively overseeing $800 million in assets. 

Dell’Orfano expressed enthusiasm for welcoming both teams, highlighting WGCA’s tax planning expertise and Parsons’ role in supporting organic growth. Bob Len, WGCA’s managing director, noted that joining CWA enhances their service offerings and client experience. Russell Parsons, President of Parsons, emphasized the alignment of CWA’s client-centric approach with their values, ensuring continued exceptional service. 

Post-acquisition, CWA, backed by a minority investment from Audax Private Equity, now operates 17 offices nationwide and employs over 140 staff. The Fairfax office (Wolf Group) becomes CWA’s second in Virginia, while the New Hope office (Parsons) expands its Pennsylvania presence alongside Bethlehem and Wynnewood locations.