Waverly Advisors is doubling down on Colorado's wealth space as it snaps up a veteran-led advisory practice.
On Tuesday, the firm announced its acquisition of Mueller Financial Solutions, an investment advisory firm based in Canon City.
The deal marks its second acquisition in the state, following its purchase of Rainsberger Wealth Advisors in 2023.
It's also the second big announcement in as many weeks for the firm, following its acquisition of Cincinatti, Ohio-based 9258 Wealth Management.
Founded in 1992 by Jeffrey Mueller, Mueller Financial Solutions provides wealth management, tax, and retirement planning services to high-net-worth families. The Colorado RIA oversees roughly $155 million in assets under management, according to its most recent Form ADV.
Prior to founding the firm, Mueller held positions in internal auditing at a Fortune 500 company and a “Big 8” CPA firm.
As part of the acquisition, Mueller has joined Waverly as a partner and wealth advisor, bringing his entire team along with him.
“Jeff and his team serve their clients with the same dedication as we do,” Justin Russell, president of Waverly Advisors, said in a statement. “By partnering with like-minded RIAs, we maintain our firm’s culture of serving both our clients and our communities with integrity and grace.”
Mueller echoed the sentiment, highlighting the benefits of joining forces with a larger organization. “By joining Waverly, we access greater resources and a robust infrastructure that allows our team to better serve our clients,” he said.
Since its inception 25 years ago, Waverly Advisors has grown to manage approximately $14.4 billion in assets across 26 offices in the US. The firm offers a wide range of financial services including investment management, tax, estate, and financial planning to high-net-worth individuals, corporate retirement plans, and institutional clients.
The strategic partnership, which closed on October 25, represents Waverly's 18th transaction since receiving an equity investment from Wealth Partners Capital Group and HGGC's Aspire Holdings platform in December 2021.
With a fifth of RIA firms using AI to create marketing content, one leading voice argues a clear identity and focusing on clients will be crucial to success.
LPL Financial is a bellwether for the broader financial advice marketplace.
The San Francisco-based startup's Series A funding, with support from Schwab and Edward Jones Ventures, will reinforce its role in the coming $124 trillion wealth transfer.
The quartet of deals across New York, Florida, Ohio, and New Mexico reinforces the fast-growing integrator's leading position in the independent space.
UBS and Wells Fargo have made their own additions in the Northeast, including a Massachusetts duo defecting from Commonwealth.
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.
