CPA and business advisory firm Hill, Barth and King, has merged in Presque Isle Capital Management with its financial planning unit HBK Sorce Advisory LLC.
Terms were not disclosed.
Founded in 1991, Erie, Pa.-based Presque specializes in financial planning for affluent clients as well as corporations. The addition now boosts HBK Sorce's assets under management to more than $1 billion.
Going forward, PICM will do business as Presque Isle Capital Management, a Unit of HBK Sorce Advisory. HBK Sorce was formed five years ago following the merger of HBK and Sorce Financial.
Headquartered here, HBK ranked No. 65 on Accounting Today's 2006 Top 100 Firms list with revenues of $34.1 million.
