Mission Wealth is cementing its presence in Chicagoland with a new merger partnership.
The firm announced Wednesday that it has merged with Stonepath Wealth Management, marking an expansion of its presence in the Illinois metro hub.
The move brings Cray J. Coppins III, founder of Stonepath Wealth Management, into Mission Wealth as its 38th equity partner. The deal also extends Mission Wealth's strategy to bolster its advisory services and client reach in Highland Park and surrounding areas, with plans to open a new office there soon.
"By expanding our ownership group and bringing in exceptional talent like Cray J. Coppins III, we are not only reinforcing our ability to deliver unparalleled service in the Midwest but deepening our roots in the greater Chicago area," Matthew Adams, Mission Wealth’s CEO and managing partner said in a statement.
Coppins, who launched Stonepath in 2012, has built his career on delivering personalized financial planning for clients across the Chicagoland area. He brings over 20 years of experience in insurance, banking, and investment management to the partnership.
The veteran advisor expressed enthusiasm for joining Mission Wealth, which shares his commitment to fiduciary responsibility and client-focused service.
"I'm excited to join Mission Wealth, a firm that shares my commitment to client-first service and comprehensive financial planning," Coppins said. "Together, we'll continue to build on the strong foundation of trust and expertise that our clients value."
Founded in 2000, Mission Wealth is a nationally recognized RIA firm that manages over $9.1 billion in client assets. The firm offers a range of services, including financial planning, investment advice, philanthropic advisory, tax strategies, and estate planning coordination.
The move follows earlier dealmaking and leadership changes as the Overland Park-based hybrid RIA builds toward a nonprofit-focused institutional platform.
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