Silvercrest Asset Management Group has completed its acquisition of certain assets of Jamison, Eaton & Wood.

The transaction was for approximately $11.3m made up of cash, notes, stock and deferred consideration in the form of a cash earn-out. 

"Our partners are excited about welcoming Jamison's professionals and private clients to Silvercrest. We know both will benefit from our firm's capabilities and special culture. The combination also expands Silvercrest's greater New York presence and contributes to the firm's institutional business," said Richard R Hough III, CEO and president of Silvercrest.

Based in New Jersey, Jamison is an investment advisor that oversees around $1bn in total assets, for high-net-worth individuals, as well as advising on sizeable non-discretionary assets for private and public institutions.

"For my colleagues and our clients, Silvercrest provides an opportunity to benefit from outstanding resources and a culture where client interests always come first, without exception," said Keith H Wood, a founder of Jamison.