In its seventh deal of 2022, Creative Planning said Tuesday it has acquired New Orleans-based Resource Management, a registered investment adviser with $1.9 billion in assets that has been open since 1974.
Creative Planning has been on a roll; over the first three months of the year, it announced the purchases of six wealth management firms with close to $5.7 billion in assets under management. Creative Planning, which oversees more than $225 billion in assets and has a standardized platform for its advisers, has been one of the most aggressive RIA aggregators in the market over the past few years.
Resource Management's president and CEO was Randy Waesche, who is now registered with Creative Planning, according to his Form ADV.
Creative Planning's purchase of Resource Management is the company's second-largest asset purchase this year, according to announcements on its website.
In January, the aggregator said it was buying Reilly Financial Advisors, an RIA in La Mesa, California, with $2 billion in assets under management.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
