Creative Planning acquires $400 million OptiFour

Kansas-based RIA expands into Washington, D.C., metro area

Nov 19, 2019 @ 10:55 am

By InvestmentNews

Creative Planning, an Overland Park, Kan.-based RIA, has acquired OptiFour, an RIA firm located in McLean, Va., outside Washington, D.C.

[More: RIA consolidation could put $2.4 trillion in play over next decade]

OptiFour, founded in 1997, custodies its $400 million in assets under management at Schwab and Fidelity.

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In the acquisition, terms of which were not disclosed, Creative Planning was represented by Republic Capital Group, and OptiFour was represented by DeVoe & Company.

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