US-based boutique financial planning firm Longwave Financial has acquired environment, social, and governance (ESG) focused firm JSA Sustainable Wealth Management for an undisclosed price.
The collaboration of the two wealth management companies based in New York is expected to expand their geographic reach.
Through the merger, the parties intend to enhance access to sustainably focused wealth management services for their customers from New York City up throughout the Hudson Valley, and beyond.
Established in 2005, JSA Sustainable Wealth Management is an independent financial firm focusing on the areas of socially responsible (SRI) and ESG.
JSA Sustainable Wealth Management managing principal Jeffrey Scales said: “The cornerstone of JSA is a dedication to sustainable investing. Finding a merger partner and successor that shares that same commitment for offering impact-focused solutions, led my search directly to Longwave.
“I’ve also had the pleasure of getting to know Nathan on a professional and personal level for almost a decade, and we hold similar values in our approach to our clients and team members, so I can feel confident they’re in good hands.”
According to Longwave Financial, the partnership will bring together its disciplined and scientific investment philosophy and JSA Sustainable Wealth Management’s experience in ESG impact investing.
With the merger, the companies are expected to advance their impact-investing goals, including the incorporation of ESG risk factors into client portfolios and continuation of support to the local communities.
Longwave Financial president and financial advisor Nathan Munits said: “Values-based, ethical investing is an important tenet for many of our clients who want to leave the world better than they found it.
“This partnership was a natural next step in helping our clients meet the challenges of the future with effective solutions they can feel good about. It’s an exciting opportunity for us to join forces with JSA and its robust resources and experience in sustainable investing.”
Munits will be the CEO and senior wealth advisor of the combined entity while Scales will take up the role of chief impact officer.
