Albany Business Review: Pioneer acquires Hudson wealth management firm


"Pioneer has acquired a Hudson wealth management firm that will push the Colonie-based bank over its goal of having $1 billion in assets under management.

CEO Tom Amell said Pioneer closed on its acquisition of Hudson Financial LLC last Thursday. The independent wealth advisory firm, led by James Armstrong and Jodi Hills, has a portfolio that includes $225 million in assets.

Hudson Financial will maintain its office in Hudson and continue to use the broker-dealer LPL Financial in the acquisition. Along with Armstrong and Hills, Armstrong's daughter, Alex Armstrong, works in the business. It will be known as Hudson Financial, a subdivision of Pioneer Wealth Management."

Read the full story from the Albany Business Review here.