Silvercrest Asset Management acquires HNW investment firm

Silvercrest Asset Management has acquired the assets of Milbank Winthrop & Co., a registered investment advisor that oversees approximately $500 million, primarily on behalf of high-net-worth families. The combined firm will have nearly $10.5 billion in assets under management. According to Moffett Cochran, co-founder and CEO of Silvercrest, "The strategic…