Modern Wealth Management acquires father-son business in fifth deal

Modern Wealth Management acquires father-son business in fifth deal
The deal adds tax strategy and preparation team to the national RIA firm.
OCT 24, 2023

Modern Wealth Management has made its fifth acquisition as the national RIA aggregator continues is rapid growth since launching earlier this year.

The firm has added the tax strategy and preparation capabilities of father and son firm Martin James Investment & Tax Management, operating out of Indianapolis, Indiana.

The firm was established in 1986 by Martin James, CPA, PFS, who still leads the firm along with his son Kyle James, CPA, PFS, to provide integrated tax, wealth management and planning. The duo joins Modern Wealth as managing directors.

“In our mission to better equip our advisors and to improve their clients’ financial lives, Martin James stood out as a firm that will help us to expand our tax and wealth management capabilities,” added Gary Roth, co-founder and co-CEO of Modern Wealth. “We're excited to weave Martin James’ valuable expertise into our already-robust team of dedicated financial specialists.”

The business will adopt the Modern Wealth brand and continue to serve clients in the greater Indianapolis area.

“Our purpose is to provide clients with a personal, hands-on approach to financial planning, which aligns directly with Modern Wealth’s vision to create a holistic wealth management practice,” added Kyle James, who joins Modern Wealth as a managing director. “We’re looking forward to utilizing Modern’s vast wealth management expertise and resources.”

RAPID GROWTH

Modern Wealth has already acquired four firms this year, Midwest Financial, Barber Financial Group, Osiwala Financial Group, and Financial Security, powered by its recently formed Partnership Development team. It anticipates more acquisitions before the end of 2023.

The firm was founded by former executives from Goldman Sachs and United Capital and launched with $200 million worth of private equity backing from Crestview Partners.

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