The transaction integrates a US$3 billion Pennsylvania trust company into the adviser’s growing national platform.

Waverly Advisors (Waverly), an Alabama-headquartered federally registered investment adviser (RIA), has acquired Smithfield Trust Company (Smithfield), expanding the firm’s national footprint and strengthening its trust-services offering. The acquisition marks Waverly’s 34 th   transaction since receiving an equity investment in 2021   The acquisition adds a Pennsylvania-chartered trust company managing approximately US$3 billion in assets to Waverly’s platform, d