Key Takeaways
- • Accelerated Wealth Partners, a New York-based investment firm focused on registered investment advisors, has signed definitive agreements to invest in Pallas Capital Advisors, an independent RIA with about $5 billion in client assets.
- • The investment is backed by a $200 million capital commitment from J.C. Flowers & Co., and Accelerated Wealth Partners will provide growth capital plus access to its organic growth and M&A capabilities.
- • The deal is expected to close later in 2026, subject to customary conditions; terms were not disclosed.
- • Pallas, founded in 2019 and based in Braintree, Mass., serves corporate executives, business owners and their families with tax, trust and estate planning expertise.
- • Founding partners will continue to lead the firm, and five Pallas leaders will become equity partners, as the firm pursues a national ultra-high-net-worth strategy under CEO Rich Mullen.
Summary
Accelerated Wealth Partners, a New York-based investment firm focused on registered investment advisors, has signed definitive agreements to invest in Pallas Capital Advisors, an independent RIA managing about $5 billion in client assets. According to the announcement, Accelerated Wealth Partners is backed by a $200 million capital commitment from J.C. Flowers & Co. The investment will provide Pallas with growth capital as well as access to Accelerated Wealth Partners' organic growth and mergers and acquisitions capabilities. The transaction is expected to close later in 2026, subject to customary conditions. Terms were not disclosed.
Pallas Capital Advisors manages wealth for corporate executives, business owners and their families, with expertise in tax, trust and estate planning. Founded in 2019, the firm is headquartered in Braintree, Mass., with offices in Massachusetts, Rhode Island and New Jersey. Its founders and partners will continue to lead the firm, and five Pallas leaders will become equity partners as part of the transaction.
Rich Mullen, founding partner and CEO of Pallas, said the partnership gives the firm the resources to pursue its national ultra-high-net-worth ambition. Colchester Partners and Alston & Bird advised Pallas on the deal, while Seward & Kissel advised Accelerated Wealth Partners.
Pallas Capital Advisors manages wealth for corporate executives, business owners and their families, with expertise in tax, trust and estate planning. Founded in 2019, the firm is headquartered in Braintree, Mass., with offices in Massachusetts, Rhode Island and New Jersey. Its founders and partners will continue to lead the firm, and five Pallas leaders will become equity partners as part of the transaction.
Rich Mullen, founding partner and CEO of Pallas, said the partnership gives the firm the resources to pursue its national ultra-high-net-worth ambition. Colchester Partners and Alston & Bird advised Pallas on the deal, while Seward & Kissel advised Accelerated Wealth Partners.
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