Beacon Trust acquires Tirschwell & Loewy

Beacon Investment Advisory Services Inc., a registered investment adviser and wholly-owned subsidiary of Morristown-based wealth management firm Beacon Trust Co., announced Monday it has acquired New York City-based investment adviser Tirschwell & Loewy Inc.

Under the deal, Beacon Trust will operate the new firm, Tirschwell Loewy & Friedner Investments, as a division of Beacon Trust.

Jeffrey Loewy and Howard Friedner will continue to manage the firm’s investment strategy.

“We are pleased to welcome the clients and employees of Tirschwell & Loewy to Beacon Trust. I am confident that Tirschwell & Loewy’s reputation and talented team will be a tremendous asset to our organization and will enable us to grow our business in the desirable New York City market,” Valerie Murray, president of Beacon Trust, said.  “With our combined resources, we look forward to delivering enhanced wealth management services and solutions to all of our clients,” added Murray.

“We are delighted to be joining Beacon Trust. By combining our investment management business with Beacon Trust’s full-service wealth advisory business, we are confident we will be able to serve our clients better than ever,” Loewy and Friedner jointly said in a statement.

Keefe, Bruyette & Woods served as the financial advisor and Morgan, Lewis & Bockius, LLP served as legal counsel to Beacon Trust. Park Sutton Advisors LLC served as the financial adviser and BakerHostetler served as its legal counsel to Tirschwell & Loewy.