Savant Wealth Management has made its third acquisition of 2024 so far with the addition of a veteran-owned advisory business in Louisville, Kentucky.
The $30 billion RIA firm has already added California-based Kemp Financial, and Michigan based BDK financial to its growing footprint which now comprises 42 offices in 17 states.
The new addition is Sortino Advisory Partners, co-founded by US Marines veteran, Daniel J. Hutcherson, CAIA, CIMA, AIFA, has $239 million AUM and $almost $136 million AUA. Hutcherson is a principal along with Stephen A. Heitz, AIF, CRPS. Both join Savant as financial advisors.
Hutcherson has a particular skill in identifying and protecting vulnerable clients and focuses on helping individuals and families with complex financial planning and healthcare decisions, while Heitz’s specialty is working with closely held business owners and senior executives to help with retirement planning, estate and charitable planning, and aging care strategies.
“Most families go through these critical life experiences without the tools and resources they need to make informed decisions. Savant is committed to going beyond the surface-level knowledge to help bring a deeper, personalized support offering to client families during these transitions,” Hutcherson commented.
Brent Brodeski, CPA, CFP, CFA, MBA, founder and CEO of Savant Wealth Management, said that his firm is well placed to continue to serve the needs of the type of clients that the Sortino duo has focused on.
“Savant’s business model enables us to partner with firms with specialized knowledge to support our team approach to working with clients. Danny and Stephen are qualified to help clients navigate issues like the financial strain of caring for elderly parents, the need for personalized solutions, and the emotional toll that caregivers undergo as they support aging family members.”
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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