Savant Wealth Management has made its third acquisition of 2024 so far with the addition of a veteran-owned advisory business in Louisville, Kentucky.
The $30 billion RIA firm has already added California-based Kemp Financial, and Michigan based BDK financial to its growing footprint which now comprises 42 offices in 17 states.
The new addition is Sortino Advisory Partners, co-founded by US Marines veteran, Daniel J. Hutcherson, CAIA, CIMA, AIFA, has $239 million AUM and $almost $136 million AUA. Hutcherson is a principal along with Stephen A. Heitz, AIF, CRPS. Both join Savant as financial advisors.
Hutcherson has a particular skill in identifying and protecting vulnerable clients and focuses on helping individuals and families with complex financial planning and healthcare decisions, while Heitz’s specialty is working with closely held business owners and senior executives to help with retirement planning, estate and charitable planning, and aging care strategies.
“Most families go through these critical life experiences without the tools and resources they need to make informed decisions. Savant is committed to going beyond the surface-level knowledge to help bring a deeper, personalized support offering to client families during these transitions,” Hutcherson commented.
Brent Brodeski, CPA, CFP, CFA, MBA, founder and CEO of Savant Wealth Management, said that his firm is well placed to continue to serve the needs of the type of clients that the Sortino duo has focused on.
“Savant’s business model enables us to partner with firms with specialized knowledge to support our team approach to working with clients. Danny and Stephen are qualified to help clients navigate issues like the financial strain of caring for elderly parents, the need for personalized solutions, and the emotional toll that caregivers undergo as they support aging family members.”
“I’m seeing more disputes like this between advisors and other advisors at the same practice,” said one industry executive.
Beth Emswiler and Andrew Borner join as senior managing directors as the private bank widens its push for ultra-high-net-worth clients
Morningstar advisor survey finds admin work, rising client demands are offsetting efficiency gains from greater technology adoption.
Raymond James, UBS and Prime Capital Financial also announced additions as advisor recruiting stays brisk across wirehouse and independent channels
A new platform turns disputed facts into tradable markets, flipping the prediction market model on its head.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
