Creative Planning makes first acquisition, adding $500 million in AUM

Minneapolis-based Johnston Group will increase presence in Northern Plains

Feb 26, 2019 @ 1:20 pm

By InvestmentNews

Creative Planning Inc., an Overland Park, Kan.-based registered investment adviser managing $38 billion in assets, has acquired The Johnston Group, a Minneapolis-based RIA firm managing $500 million with offices in Minnesota and the Dakotas.

The acquisition, Creative Planning's first, marks a departure from its organic growth strategy.

(More: Creative Planning fined for failure to monitor radio ads and its president's personal accounts)

"Until now, we have grown largely through referrals," said Peter Mallouk, chief executive of the firm, which was founded in 1983. "It's clear that there are like-minded firms that can fit right into our model as we continue bringing fiduciary advice to Americans from coast to coast."


What do you think?

View comments

Recommended next


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print