Three of the Granite State’s most highly regarded financial advisory firms – SBW Wealth Management, The New Hampshire Trust Company and MillRiver Wealth Management – have announced plans to join forces
CONCORD, NH — MillRiver Wealth Management of Concord, NH has signed an agreement to purchase The New Hampshire Trust Company, based in Keene, NH. At the same time, Savings Bank of Walpole’s SBW Wealth Management division will also join the organization. Later this year, the unified company plans to change its name to New Hampshire Trust & Wealth Management.
Through this affiliation, three of the Granite State’s most successful financial service providers will be in a position to optimize the strengths of each organization, serving customers with leading-edge advice, enhanced technology – and a continued focus on local, personal service in communities throughout New Hampshire.
MillRiver Wealth Management and SBW Wealth Management are already affiliated as the locally-focused investment and wealth management divisions of New Hampshire Mutual Bancorp (NHMB), along with NHMB’s independently managed mutual banks: Meredith Village Savings Bank, Merrimack County Savings Bank, and Savings Bank of Walpole.
Under the new affiliation, existing staff at the three companies will remain with New Hampshire Trust & Wealth Management, working in their current locations. Paul Provost, currently President of MillRiver Wealth Management, will retain that title with the newly named firm.
“One of the benefits of this alliance is the ability to tap into the leadership and expertise that Paul brings to our organization as a visionary, customer-focused investment professional,” noted Gregg Tewksbury, President and CEO of New Hampshire Mutual Bancorp. “Paul is also committed to our unique ability to provide expert, localized wealth management services throughout New Hampshire – most importantly, in the individual communities served by our sister banks.”
Greg McConahey and Mike Rafferty, co-presidents of the New Hampshire Trust Company, noted that they personally share a strong, mutual respect and trust with leaders at MillRiver Wealth Management and SBW Wealth Management. “Our organizations enjoy similar corporate structures and cultures, with complementary market areas and a fundamental commitment to delivering high-quality, local, personal customer service,” said McConahey. Rafferty added, “Based on the people behind New Hampshire Mutual Bancorp, and on their steadfast commitment to local, mutual banking values, we see this affiliation as a tremendous way to enhance the services we can provide – and to ensure long-term stability for our customers, our staff, and our communities.”
The relationship will become effective upon final regulatory approval, which is expected to occur in December 2019.