Bronfman Rothschild, a Rockville-based financial services company, has been acquired by NFP Corp., one of the largest brokers in the country.
Terms of the deal, announced last week, were not disclosed.
Bronfman Rothschild has 10 offices and more than 100 employees. The financial services firm grows and preserves wealth for clients, with locations spanning the East Coast and Midwest.
“We are thrilled for this new chapter and believe that, as our two firms combine in the coming months, we will be well positioned to continue expanding the meaningful suite of wealth management solutions we deliver to clients,” Bronfman Rothschild President and COO Mike LaMena said in a statement.
The firm will be merged with NFP subsidiary Sontag Advisory LLC, a New York-based investment advisory group. Both firms will combine resources to create a single company managing about $10 billion in assets.
“We are pleased to welcome Bronfman Rothschild to Sontag and the NFP family,” Sontag chairman Howard Sontag said in a statement. “Since our initial contact, it was clear that their focus on comprehensive personalized and consultative wealth management services aligns remarkably well with our client-centric business.”
Germantown resident earns state engineering recognition
Jason Hattrick-Simpers received a 2019 Outstanding Young Engineer award from the Maryland Academy of Sciences and Maryland Science Center for his materials science research.
Hattrick-Simpers is a materials research engineer at the National Institute of Standards and Technology in Gaithersburg. He is examining new materials that could apply to several critical technologies, according to an announcement from the science center.
Hattrick-Simpers has been awarded three patents and is at the forefront of the Materials Genome Initiative, which is designed to speed up the creation and deployment of advanced materials, according to announcement.
The awards highlight scientists and engineers in the state who have made significant contributions in their fields before the age of 40, or 35 if working in academia. The Outstanding Young Scientist award was established in 1959, followed by its engineering counterpart in 1988.
“These awards are an annual reminder that Maryland is home to amazing young scientific and engineering talent, as well as the notable institutions that host and empower them,” Maryland Science Center President and CEO Mark J. Potter said in a statement.
Olive & Loom arrives at Pike & Rose in North Bethesda
The home goods shop is at 11815 Grand Park Ave. between Stella Barra and Francesca’s.
Olive & Loom has products in stores across the country and in Canada. The 765-square-foot Pike & Rose location is the company’s second in Maryland, as Sabun Home in downtown Bethesda also carries Olive & Loom products.
The company was started in 2016 by Turkey native Ferzan Jaeger, working to combine the cultures of her homeland and the United States.
Olive & Loom sells robes, towels and blankets along with clothing and accessories.
“Olive & Loom’s mission is to bring you traditional, old world goods with a fresh, modern aesthetic,” Jaeger said on the company’s website. “We focus on practical items made using artisanal methods and all natural sources.”
Gaithersburg-Germantown Chamber of Commerce celebrates 70 years
The chamber received a citation from Gov. Larry Hogan to commemorate the milestone.
In a presentation from Maryland Department of Commerce Secretary Kelly Schulz and County Council member Sidney Katz, March 20 was declared Gaithersburg-Germantown Chamber of Commerce Day.
“This is an exciting year for us,” GGCC President Marilyn Balcombe said in a statement. “It is great to receive the recognition from the Governor and Maryland Commerce Secretary Kelly Schulz.”
The chamber includes 430 members representing more than 50,000 employees in the county.
The Gaithersburg Business Men’s Association was created in 1949, and eventually became the Gaithersburg Chamber of Commerce, Balcombe said. The chamber merged with Germantown’s in 2000.
Charlie Wright can be reached at charlie.wright@moco360.media
