Naples wealth advisory firms, one with $2.5B in assets, announce partnership

A pair of well-known Naples wealth advisory firms are merging together in what the entities call a strategic partnership. 

The two companies are Capital Wealth Advisors and Bray Capital Advisors, according to a statement. Financial terms of the partnership weren’t disclosed. 

Founded in 2004, Capital Wealth Advisors is an independent financial advisory firm serving high-net-worth families and entrepreneurs. It manages some $2.5 billion in assets and in addition to Naples has offices in Charlotte and Cary, North Carolina, as well as New Orleans. Founded in 2014, Bray Capital Advisors provides investment management, tax and estate planning, personal financial planning and trust administration services, with offices in Naples and Cleveland.