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GUILFORD, CT — GSB Wealth Management, LLC (GSBWM), a Registered Investment Adviser and wholly owned subsidiary of GSB has acquired the assets of CTMA Wealth Management (CTMA), an East Haven, CT-based Registered Investment Adviser with $198 million of client assets under management. Chris Abely, CTMA’s founder, will become GSB Wealth Management’s Chief Investment Officer.
The acquisition brings CTMA’s financial planning, tax planning, executive benefits, and corporate retirement expertise to GSBWM, helping to better serve clients (individuals, small businesses and credit unions) and opens the door to new capabilities for its parent company, GSB, a CT-based financial institution. “That’s not something we did previously so we’re excited to offer that, and it aligns very well with the commercial banking clients of GSB,” said Ken Russell, President and CEO of GSB Wealth Management. “For the bank itself, it can now broaden and deepen relationships with commercial clients by offering retirement planning.”
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The listing of any organizations should not be construed as an endorsement or a recommendation to retain GSB Wealth Management by these entities. Industry registrations, designations, recognitions, or awards should not be construed as an endorsement or a recommendation to retain GSB Wealth Management by the granting entity or any regulatory authority.
The listing of any organizations should not be construed as an endorsement or a recommendation to retain GSB Wealth Management by these entities. Industry registrations, designations, recognitions, or awards should not be construed as an endorsement or a recommendation to retain GSB Wealth Management by the granting entity or any regulatory authority.
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