The New York-headquartered firm has closed its acquisition of Jamison, Eaton & Wood, an RIA.

Silvercrest Asset Management has completed its acquisition of certain assets of Jamison, Eaton & Wood for around $11.3 million, in a move that boosts its greater New York presence.

With offices in Bedminster and Princeton, NJ, Jamison is a registered investment advisor that oversees nearly $1 billion in total assets. The firm also advises on non-discretionary assets for private and public institutions.

Silvercrest has offices in New York, Boston, Virginia and New Jersey, and serves wealthy families and certain institutional investors.

The combined firm now has approximately $19 billion of assets under management.

In March, Silvercrest reported that its adjusted net income climbed 39 per cent year-on-year to $10.7 million over 2014 (see more here).