DHK Financial Advisors (DHK), a Portsmouth, New Hampshire-based provider of outsourced financial services managing over $1.6 billion in institutional and non-profit assets, has been acquired by New England Private Wealth Advisors (NEPWA). 

 

Founded in 1993 by Tim Dempsey, DHK has spent more than three decades serving as a trusted outsourced chief investment officer for charitable organizations, religious orders, educational institutions, and retirement plans. In DHK, Tim created a differentiated model of providing transparent, low-complexity solutions with sensible fee structures, which became the foundation for partnerships with over 70 institutional clients, many of which have been with DHK for decades.

 

Highland Advisory Group partnered with Dempsey to help think through the next chapter for himself and what that meant for his firm. When the decision was made to look for a new owner for DHK, Highland sought to find potential successors that shared the firm’s culture and client-first mentality. It was important to Tim that the new owner take good care of his team and also provide an even better home for his client base. 

 

NEPWA, a Boston-based provider of financial and advisory services that manages over $5 billion in client assets and is backed by Alpine Investors, separated itself from the pack with its client-first focus. Through this partnership, Tim is able to provide a viable succession plan to his client base while taking advantage of NEPWA’s deep bench of professionals and additional service capabilities.