Ohio-based family office Brownhelm Capital has taken a “substantial” stake in Pecunia Management, the holding company of International Assets Advisory. The financial terms of the deal were not disclosed.

With $4 billion in assets, Pecunia is also the holding company for Primus, International Assets Investment Management and Global Assets Advisory. Under the terms of the agreement, the entire management team will remain intact with Ed Cofrancesco continuing as CEO of Pecunia and all of its operating entities.

“I’m very proud of the spectacular growth that IAA has enjoyed over the last 16 years. But the fact is I am not getting any younger and I needed to develop a succession strategy so the company would continue, and the advisors and their clients would be taken care of beyond my tenure,” said Cofrancesco, IAA President and CEO.

Going forward, Orlando-based IAA will remain an independently operating organization with its own brand, executive management team and operational identity. The partnership looks to give IAA improved access to growth capital to invest in additional products and services to help the firm’s advisors build their businesses.

Founded in 1982, IAA manages approximately $1.5 billion in assets, offering investment management — including in domestic and foreign stocks, bonds, mutual funds, options, insurance and annuities — as well as retirement and estate planning services.