Angeles Wealth Management acquires XO Capital to launch Angeles Family Office, offering tailored services for affluent families. XO Capital founders Adam Stern and Jason Oclaray will lead the new division. Angeles Wealth aims to combine family office expertise with its private and institutional wealth businesses. The family office will provide investment management, tax advice, financial reporting, and more for families with assets in the hundreds of millions. Other RIAs are also creating family office divisions to meet multi-generational wealth needs in the US. Angeles Wealth and XO Capital see a strategic fit for their combined capabilities, creating a trifecta of high-end financial services.

Read more at Yahoo Finance: $2.7B Angeles Wealth Makes First Acquisition to Seed Family Office Division