Home / Today's Top Stories / Financial Institutions, Inc. acquires Robshaw and Julian

Financial Institutions, Inc. acquires Robshaw and Julian

Financial Institutions, Inc.—parent company of Five Star Bank, Scott Danahy Naylon, LLC and Courier Capital—has placed a new notch in its belt with the acquisition of Williamsville-based investment adviser firm Robshaw and Julian Associates, LLC.

Established as an independent firm in 1979, Robshaw and Julian closed at $179 million in assets. In total, the acquisition puts the assets of Financial Institutions at $1.6 billion. Co-owners Stephen Robshaw and James Julian will take up positions as officers for Courier Capital.

“We never really considered joining any other firm,” Robshaw said, in a statement. “We have long admired Courier Capital’s investment philosophy, strategies and team of investment professionals. Jim and I firmly believe that they will continue to serve our clients’ best interests long beyond our tenure.”

Emphasizing Robshaw and Julian’s continued roles in the Buffalo-area market, President and CEO of Financial Institutions Martin Birmingham expressed excitement that the pair were joining the Courier team.

“Steve Robshaw and Jim Julian are very well-respected investment advisers in the Buffalo market and they have built a terrific portfolio that will continue to be managed by them within the Courier Capital franchise,” Birmingham said. “We welcome them to our organization and look forward to a very successful relationship.”

Leave a Reply

Your email address will not be published.


Check Also


Gift from Pettinellas to fund aquatic center at new YMCA (access required)

  The YMCA of Greater Rochester has reached a turning point in its initial fundraising goal for its new Schottland ...


Habitat for Humanity renovates two zombie homes (access required)

Flower City Habitat for Humanity has completed two zombie house renovations as part of its Vacant and Abandoned Homes pilot ...