110-year-old company with offices in Elgin buys tax practice
Noyes, a 110-year-old wealth management and investment banking firm with offices in Elgin, announced the acquisition of Kiely & Associates LLC, a 25-year-old Chicago tax and accounting practice.
The purchase advances Noyes' multifamily offering, solidifying its position for high net worth financial advisers and their clients. Kiely & Associates, founded by John J. Kiely, will provide comprehensive family office, tax and business solution services to Noyes' existing clientele and the market, the company said in a statement. The launch of family office services is the latest in several service expansions to Noyes' core business, that includes wealth management, investment banking, financial planning and capital markets.
"John launched Kiely & Associates with the ardent commitment to his client's best interests. This focus will serve Noyes well as we continue to expand our service offering," said Matthew Reynolds, Noyes' Chief Operating Officer. Noyes, through its subsidiaries, David A. Noyes & Company and Noyes Advisors LLC, is a full-service investment firm has eleven offices in Illinois, Indiana and Michigan.
"This acquisition and launch of family office services exemplify Noyes' dedication to delivering a client-centric, financial advisory platform with unparalleled capabilities to financial advisers who provide holistic advice," Reynolds concluded.
Kiely started his practice a quarter century ago from Checkers, Simon and Rosner in Chicago where he served market makers, seat holders, independent securities and futures traders on the Chicago Board Options Exchange, The Board of Trade, and the Chicago Mercantile Exchange. He started his career in 1977 as a Special Agent for the IRS.
"The decision to integrate my practice with Noyes was driven by our shared belief that clients' needs come first," stated Kiely. "Noyes' 110-year-old reputation and their holistic approach to financial decision-making could not be a better fit. The fact that Noyes is employee-owned and developing new client services reflects the foresight and care that clients need."
A native of the Chicagoland area, Kiely earned his undergraduate degree from St. Mary's College and his Juris Doctorate from DePaul University.