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Luxon Financial Closes Acquisition of Tradition Capital Management

May 1, 2019

RICHMOND, Va.--(BUSINESS WIRE)--May 1, 2019--Luxon Financial LLC, an independent financial services firm and the parent of wealth manager Cary Street Partners, today announced that it has closed on the acquisition of Tradition Capital Management LLC, a Summit, NJ – based registered investment advisor.

Originally founded in 2002, Luxon operates across fifteen offices, with clients located in 48 states. The combination of the two firms deepens the range of comprehensive wealth management client solutions, given their complementary capabilities. Luxon across all of its subsidiaries will help clients manage approximately $3.5 billion in assets for individuals, families and institutions.

As announced in April, Tradition Capital Management’s business will operate as Tradition Asset Management LLC.

About Luxon Financial

Luxon Financial LLC is an independent financial services firm operating in a partnership culture. Luxon provides comprehensive wealth management services including investment, estate planning and financial advice in a culture dedicated to high performance, independence and objective thinking. Our financial advisors serve individuals, families and institutions with customized solutions tailored to fit each client’s objectives. Founded in 2002, Luxon operates across fifteen offices in five states in the dynamic Mid-Atlantic and Southern markets.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190501005295/en/

CONTACT: Kara Valentine, 973.755.7966

kvalentine@luxonfinancial.com

KEYWORD: UNITED STATES NORTH AMERICA VIRGINIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Luxon Financial LLC

Copyright Business Wire 2019.

PUB: 05/01/2019 07:00 AM/DISC: 05/01/2019 07:01 AM

http://www.businesswire.com/news/home/20190501005295/en