Baltimore, Maryland (PRWEB)
September 29, 2017
InCap Group, Inc. today announced that it advised Quadrant Capital Management, LLC (“Quadrant”) in connection with Quadrant’s sale to Peapack-Gladstone Financial Corporation (NASDAQ: PGC). The transaction is expected to close in the fourth quarter of 2017.
Established in 2001 by Jim Kearney and Jeff Fisher, both formerly of J.P. Morgan, Quadrant is a boutique wealth management firm that offers sophisticated financial planning, investment, tax, retirement and insurance advice and services to its clients. Quadrant is located in Fairfield, New Jersey and has more than $400 million in client assets under management.
The private wealth management division of Peapack-Gladstone Bank is one of the largest trust company and asset managers in New Jersey, with approximately $4.7 billion of assets under management and administration at August 31, 2017. Geographically, the Quadrant transaction offers an ideal location to complement Peapack-Gladstone’s wealth management presence in New Jersey. Along with the July 31, 2017 acquisition of Murphy Capital Management, the acquisition of Quadrant supports Peapack-Gladstone’s overall wealth management growth strategy.
“We are delighted to join forces with Peapack-Gladstone Bank. This combination enhances Quadrant’s ability to meet client needs through access to trust and banking services, while assuring our clients of long term continuity in the management of their financial affairs,” said both Jim Kearney and Jeff Fisher from Quadrant.
“Quadrant and Peapack-Gladstone Bank are both committed to helping clients manage their wealth, plan for the future, navigate risk and provide for future generations,” said John P. Babcock, President of Private Wealth Management at Peapack-Gladstone Bank. He continued, “Quadrant has a high-quality team of professionals with a deep…