San Antonio, TX-based wealth management firm Covenant Multifamily Offices has acquired and rebranded Bridge Wealth Management, boosting its assets under management by $200 million to $1.3 billion.
Tyler, TX-based Bridge Wealth Management, a privately-owned wealth management firm, now operates as Covenant Wealth Management and brings to Covenant 126 client relationships representing $200 million in investable assets.
Thomas Smith, founder of Bridge Wealth Management, will continue to head the Tyler practice under the Covenant Wealth Management name. As director and wealth strategist, his responsibilities include overseeing all client services and working with Covenant's leadership group to grow the firm.
“For the wealth management brand, we’ve deconstructed our family office service model, effectively making many of the exclusive, family office-oriented investment strategies, technology and personalized client services attainable to high net worth individuals and families,” said John Eadie, Covenant founder and managing partner.
Covenant now has offices in Tyler (Covenant Wealth Management), and Dallas and San Antonio (Covenant Multifamily Offices).