Luxon Financial to Combine with New Jersey-Based Tradition Capital Management

Transaction Expands Combined Firm’s National Client Base and Client Service Capabilities

RICHMOND, Va.–(BUSINESS WIRE)–Luxon Financial LLC, an independent financial services firm and the parent of wealth manager Cary Street Partners, announced today that it has entered into a definitive agreement to combine with Tradition Capital Management LLC, a Summit, NJ – based registered investment advisor.

The transaction will combine two firms with a strong presence in their respective markets and who seek to leverage their complementary capabilities. Tradition Capital Management has built a strong investment track record for clients located across 31 states since its founding in 2000. Originally founded in 2002, Cary Street Partners operates as the wealth management arm of Luxon Financial, with clients located across 48 states. The combined firms will help clients manage approximately $3.5 billion in assets and provide comprehensive wealth management solutions to individuals, families and institutions.

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