The partnership follows a period of mutual vetting between the leadership teams. Mark Garrett, Executive Chairman of Moors & Cabot, emphasized that the decision was anchored in cultural synchronization, noting that face-to-face meetings in both Boston and the team's home office solidified the deal. For Coker & Palmer, the transition offers access to broader technological and operational resources while maintaining the client-centric service model they established in the Gulf Coast region.
Moors & Cabot Adds $650M Coker & Palmer Team to National Roster
Boston-based Moors & Cabot is extending its reach into Louisiana and Mississippi by acquiring the Coker & Palmer team, a wealth management group managing $650 million in assets. The move signals a strategic expansion for the 136-year-old firm as it integrates the team into its existing national network of 20 branches.
To manage the transition, Moors & Cabot has deployed a dedicated back-office team tasked with ensuring business continuity. David Coker, founder of the incoming team, stated that the alignment of philosophies regarding client interests made the partnership a logical step for future growth. Clients of the Coker & Palmer team will retain their personalized service while gaining the stability and expanded investment capabilities inherent to the Boston firm’s long-standing institutional infrastructure.
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