Credent Wealth Management is expanding its presence in Michigan with the acquisition of TFG Advisors, a $420 million RIA based in Auburn Hills and Ann Arbor. The deal brings Credent’s total assets under management to nearly $4 billion and marks its second and third office locations in the state.
TFG Advisors serves roughly 400 clients, including business owners, retirees, and high-net-worth individuals. The firm’s seven-person team, including principals George Barnhart, Terry Hirsch and Paul Reile, will remain in place under the Credent name and continue operating from their current offices.
“Their culture, values, and Midwest roots align perfectly with ours, and we're excited to welcome such a talented group of professionals to the Credent family,” David Hefty, CEO of Credent Wealth Management, said in a statement announcing the acquisition.
Founded in 2018, Credent has now completed eight acquisitions in the past three years and 13 overall since its launch.
The firm has been on a steady growth trajectory, particularly since it secured a strategic investment in last year from Crestline Investors, an alternative asset manager with $18 billion in AUM. That investment has helped support ongoing M&A activity and the expansion of its turnkey asset management platform, Credent Advisor Solutions.
The TFG deal supports Credent’s strategy to grow through partnerships that offer continuity for clients and long-term succession plans for advisors. According to one piece of research by Cerulli, almost 40% of advisors across more than 18,000 independent advisory firms within the industry are expected to retire over the next decade, with at least a third lacking a formal succession plan.
“So many advisors are focused on the business and they’re not planning for their own retirement,” Stephen Caruso, associate director at Cerulli, has said on the topic. “If they’ve been very successful, they see no reason to hang up spurs, so they are delaying succession planning.”
TFG’s principals will continue to lead the local offices, while clients will gain access to expanded services, including broader investment strategies and institutional-level offerings from Credent’s Private Wealth team.
“This partnership ensures continuity for our clients and our team while opening the door to enhanced solutions and long-term growth,” said George Barnhart, managing partner and director of operations and marketing at TFG Advisors.
The acquisition also strengthens Credent’s regional presence across the Midwest. With the addition of TFG, the firm now serves more than 2,800 clients across nine locations. Its other recent acquisitions include Clarify Wealth Management in Ohio and Indiana, as well as Euclid Advisory and Ward Wealth Management Services.
Credent intends to invest further in TFG’s Ann Arbor office, citing its established local relationships and potential for continued growth.
The Illinois order refers to Brandon Ellington’s investment program as a “Ponzi-like scheme.”
But the Amazon executive chair seems to want it both ways, arguing that taxing the ultra-wealthy won't help struggling Americans.
Northern Trust planning leader sees the bill extending qualified charitable distributions to employer plans as a potential positive step — but advisors shouldn't overlook bigger holes in the strategy.
Markets will always create reasons for investors to worry. The advisor’s role is not to predict uncertainty, but to help clients understand why volatility should not derail a well-built financial plan.
Plus, Asset-Map partners with Contio to elevate the advisor meeting experience, and MyVest claims an innovation in portfolio management with separately managed models.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
