Americana Partners, an independent wealth management firm with over $8.5 billion in assets under management, is looking forward to another growth phase fuelled by a landmark private equity deal.
The majority investment from Lovell Minnick Partners, a PE firm specializing in high-growth middle-market services and technology companies, marks the first institutional investment in Americana, with the firm’s founders and management team retaining significant ownership and control.
Founded in 2019 and headquartered in Houston, Americana provides wealth advisory and family office services to high-net-worth and ultra-high-net-worth clients across the US, including a recently launched division dedicated to serving clients in Latin America. Since its inception, the firm has experienced rapid growth, starting with $2.6 billion in assets under management and celebrating its fifth anniversary earlier this year.
Jason Fertitta, CEO of Americana Partners, highlighted the partnership as a pivotal moment for the firm.
“This is an important milestone for our firm, and it underscores our commitment to building the right destination for our clients and financial advisors. We chose to work with LMP because of their extensive track record in accelerating growth for successful wealth management organizations,” he said in a statement.
Philadelphia-based Lovell Minnick has a strong presence in the asset and wealth management sector. Since 2019, the firm has been an investor in $162 billion ultra-high-net-worth-focused RIA Pathstone – which turned heads earlier this month with a blockbuster deal to acquire Hall Capital – and also holds stakes in asset managers Matthews Asia and Tortoise Capital.
“Our investments are partnerships, and we are aligned with the Americana team’s high-growth strategic vision. We look forward to working together to expand geographically, attract the highest quality financial advisors, and execute on strategic initiatives,” said Trevor Rich, partner at Lovell Minnick Partners.
Brad Armstrong, another partner at Lovell Minnick, emphasized Americana’s exceptional growth. “The Americana organization has distinguished itself, not just in the exceptional growth they’ve experienced since their founding in 2019, but in the high caliber of people they’ve brought on board,” Armstrong added.
Offering financial planning and investment management services through offices in Houston, Austin, Dallas, and Midland, Americana Partners remains part of the giant Dynasty Financial Partners network, which is poised for more expansion following an early-October funding round that featured the likes of BlackRock, Charles Schwab, and JPMorgan Asset Management.
The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.
Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.
CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.
The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
Employee accounts, crypto trials and job cuts frame a pivotal year for the Swiss lender.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
