Pioneer acquires Hudson Financial; wealth management AUM surpasses $1B

Pioneer Bancorp, Inc./MD

Pioneer acquired Hudson Financial LLC, an independent advisory firm in Hudson, NY.
Wealth management AUM increased from $30M in 2015 to over $1B after the deal.
Hudson Financial contributes $225M in AUM; will operate as a subdivision of Pioneer Wealth Management.
Hudson Financial retains employees, maintains its Hudson office, and continues using LPL Financial.
CEO Tom Amell says acquisition accelerates 'More Than a Bank' strategy.

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