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.
The latest arrivals, including a 10-advisor ensemble from Ameriprise, bolster the firm's independent contractor and employee advisor channels.
The firm has also appointed Mike Downing and Sean Brennan as co-presidents to its US operations as it looks to proceed with an ambitious five-year growth plan.
Meanwhile, Kestra partner Coastline Wealth Management passes a milestone in its geographic expansion with a former Ameriprise team in New York.
New research also reveals that one third of HSA holders withdrew more than they put in.
Blue Anchor Capital Management and Pickett also purchased "highly aggressive and volatile" securities, according to the order.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
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