Waverly is continuing its deal streak in the Southeast US with the acquisition of another RIA firm in Florida.
The firm announced that it has acquired Fiduciary Wealth Advisors, a Sarasota-based RIA, in a deal that further deepens its presence in Florida’s Gulf Coast region.
The transaction, which closed April 4, brings approximately $110 million in client assets under Waverly’s management.
According to the announcement on Monday, Fiduciary Wealth Advisors was founded in 2014 by Scott Collins, who is joining Waverly as a partner and wealth advisor.
This marks Waverly’s 25th acquisition since receiving outside capital in December 2021 from Wealth Partners Capital Group and HGGC’s Aspire Holdings platform.
The firm’s latest addition gives it six locations across Florida and expands its total office count to 39 nationwide. Waverly employs more than 260 professionals across its operations.
Terms of the acquisition were not disclosed.
Fiduciary Wealth Advisors serves high-net-worth clients through an approach centered on data-driven investment strategies and personalized planning.
Based in Alabama, Waverly continues to grow through a strategy that blends inorganic expansion with a regional integration model. The fee-only firm provides investment management, financial planning, and wealth advisory services to individuals, retirement plans, and institutional clients.
The FWA deal extends a string of strategic partnerships Waverly has been building over the past couple of weeks, including its acquisition of NBW Capital in Boston and its addition of GGM Wealth Advisors, which gave Waverly its first foothold in the Maryland and Virginia markets.
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