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.”