Worcester-based Private Wealth Management Group announced it has acquired Sterling Capital Management, a Florida-based investment and financial planning firm.
The majority of the firm’s new clientele are located in Atlanta and Orlando. Terms of the deal were not disclosed.
It’s the second move for the firm in the past five months. PWMG acquired two Newburyport retirement firms at the end of 2011. Earlier in the year, the company acquired a New Hampshire-based financial services firm.
PWMG provides investment, insurance and financial services to over 1,000 individuals and 300 corporate accounts.
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