Washington Trust adds Weston Financial Group

The Washington Trust Bancorp, Inc., parent company of The Washington Trust Company, completed its acquisition of Weston Financial Group, Inc., according to a Business Wire release on Thursday.

Located in Wellesley, Massachusetts, the firm specializes in providing high-quality, comprehensive financial planning and investment counseling services to high net worth individuals. A registered investment adviser with assets under management in excess of $1.2 billion, the Weston Financial Group was founded in 1979 and serves clients in the Boston Metropolitan area, New England, and throughout the country.

“This is a significant acquisition for us, as we now have in excess of $3.0 billion in assets under administration and rank as one of the leading wealth management providers in the area,” said John C. Warren, Washington Trust’s chairman and CEO. “We also have a broader line of financial planning products and services to offer our clients and have expanded our presence in the New England marketplace,” he added.

Weston has 28 employees and is led by six principals, who have approximately 150 years of combined wealth management experience.

Washington Trust Bancorp, Inc. is the parent of The Washington Trust Company, a Rhode Island state-chartered bank founded in 1800. The bank offers a full range of financial and wealth management services through offices in Rhode Island and southeastern Connecticut.