Aronson LLC has acquired SpringReef Partners, a consultancy firm that offers wealth management services to high net worth families.

“SpringReef Partners provides a unique, invaluable set of services within wealth management, offering unbiased and independent insight into an industry that all too often lacks the transparency that clients deserve,” Aronson managing partner Jeffery Capron said in a statement. “Together, we look forward to offering expanded consulting services and capabilities to benefit a wide array of individuals, families, nonprofit organizations and corporations.”

Doug Black, a wealth management industry veteran, founded SpringReef Partners in 2010. He will join Aronson as director and will continue to oversee SpringReef Partners through the transition. 

 “Given the growing demand for our services, our new affiliation with Aronson has come at an opportune time,” Black said in a statement. “We fully recognize that if we are to be worthy of attracting and retaining long-term relationships, we have an obligation to build an organization with the bandwidth and resources to fully support every client.”

Aronson also has a technology consulting practice and is a value-added reseller of accounting and ERP systems including Sage 300 Construction and Real Estate, Sage 100 Contractor, Sage 300 Specialty Contractor and Deltek GCS Premier.

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