Affiliated Managers Group buys a stake in Clarfeld Financial Advisors

A unit of the Beverly investment company Affiliated Managers Group Inc. has acquired a stake in Clarfeld Financial Advisors, a New York-based firm that oversees $4 billion in assets.

AMG Wealth Partners said it was investing in Clarfeld, a firm founded in 1981 that provides investment, estate and financial planning, as well as tax planning and family office services to high-net-worth executives. The firm specializes in clients who work overseas.

Sean M. Healey, AMG’s chief executive said Clarfeld’s founder, Rob Clarfeld had “built a highly regarded advisory business with a loyal client following.”

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Terms of the deal were not disclosed.

When AMG buys a portion of investment firms, the targets’ partners generally keep a stake in the business.

AMG’s affiliate firms collectively manage more than $470 billion.

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