Credent Wealth Management secures strategic investment for expansion

A registered investment advisor with $2.6 billion in assets under management has secured a strategic investment to fuel its national growth.

Credent Wealth Management, headquartered in Indiana, has gained the backing of $18 billion AUM alternative investment manager Crestline Investors with the capital investment providing additional financial weight to its ongoing M&A activity which has seen 12 acquisitions since it was founded in 2018.

There will also be investment in other aspects of the business including Credent’s Advisor Solutions platform a TAMP that leverages Credent’s best-in-class shared services platform to support independent advisors.

“The collaboration with Crestline allows us to continue our growth trajectory, accelerate investment in the business, and expand our national presence while maintaining our commitment to exceptional client service and to building a forever firm owned by our advisors,” said Credent CEO David Hefty.

Albert Hicks, VP at Crestline, said that Credent’s management team and track record of growth was a key factor for his firm’s investment, adding that Credent is “well-positioned to continue to execute its growth strategy in an attractive, consolidating industry with its client-first approach and differentiated investment platform solutions to advisors.”

Echelon Partners served as the RIA firm’s investment bankers and Dan Seivert, CEO and managing partner, noted that the strategic investment from Crestline followed strong interest.

“Credent had strong interest from a lot of high-quality institutional investors, and kudos to Crestline for creating a solution that was right for the company,” he said. “We are excited to see the yield and growth of this partnership in the years to come.”