Boston-headquartered Silver Bridge Advisors is to acquire H&S Financial Advisors, according to media reports. The San Francisco area-based investment advisor has around $400 million in assets under advisement, including $90 million under management. The combined firm will have about $2 billion under advisement. Terms of the deal, expected to close in August, were not disclosed.

H&S has about 40 clients, with many of whom Silver Bridge was already working, Stephen Prostano, president and chief operating officer of Silver Bridge, is quoted as saying. The H&S team of four is led by Martim de Arantes Oliveira, who will stay in post.

Silver Bridge Advisors was not reachable for comment at the time of this publication going to press.

“We have plans to be national,” Prostano said, adding that Silver Bridge “would certainly consider any of the major wealth markets: Chicago, Texas, New York and Florida. We see many prospects, but I don’t see it as a land grab.” The aim is for Silver Bridge to attain assets under management of about $5 billion in three to five years, he said.

Silver Bridge has simultaneously launched Silver Bridge Family Office Partners, building on an existing offering. It will service wealthier clients who want a broad selection of family office services, as opposed to just investment advice and basic services. The Family Office Partners unit will also seek to attract existing family offices looking for another way to handle their needs.

The unit will be led by Allison Taff, who came to Silver Bridge a year ago from Fidelity Family Office Services.

Silver Bridge has about 300 client relationships overall, including 21 multi-generational families who have a net worth of $20 million or more.

“We are signifying to the marketplace that we have established a boutique that will be dedicated to these large families, and provide them with one or as many services as they need,” Prostano said.