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.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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
