Exencial Wealth Advisors, an Oklahoma City-based registered investment adviser managing $2.1 billion, will acquire Willingdon Wealth Management, a Huntersville, N.C.-based RIA managing $800 million. The acquisition is expected to close June 1.
Willingdon’s 16 employees will join Exencial.
Mike Kayes, founder and president of Willingdon, will serve as managing director for Exencial and remain a member of the executive leadership and investment teams.
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
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