Savant Wealth Management, a Rockford, Illinois-based registered investment adviser, announced that it has acquired SFG Wealth Planning, an RIA in Doylestown, Pennsylvania, with $286 million in AUM.
The terms of the transaction were not disclosed.
SFG Wealth Planning, which has six employees, focuses on working with senior executives at public companies. Chuck Steege, owner and president, and Matthew Witter, owner and senior vice president, will become member-owners in Savant.
“Savant understands and appreciates the work we do with our senior-level executives, and we were impressed by the firm’s willingness to support our niche clients with the best-in-class services they deserve,” Steege said in the announcement.
Savant said the deal for SFG would expand its footprint in Pennsylvania.
This is Savant’s fourth acquisition this year, following its purchase of Alliant Wealth Advisors in Virginia in June and the deals for World Trend Financial, an Iowa RIA, and Terry Lockridge & Dunn, a tax consulting firm that’s also in Iowa, in September.
Some in the industry say that more UBS financial advisors this year will be heading for the exits.
The Wall Street giant has blasted data middlemen as digital freeloaders, but tech firms and consumer advocates are pushing back.
Research reveals a 4% year-on-year increase in expenses that one in five Americans, including one-quarter of Gen Xers, say they have not planned for.
Raymond James also lured another ex-Edward Jones advisor in South Carolina, while LPL welcomed a mother-and-son team from Edward Jones and Thrivent.
MyVest and Vestmark have also unveiled strategic partnerships aimed at helping advisors and RIAs bring personalization to more clients.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
