Creative Planning acquires $535M Delaware RIA

Wilmington-based Daniels + Tansey provides integrated financial advisory, tax planning and investment management services to individuals, families and small businesses.

Creative Planning has acquired a Wilmington, Delaware-based registered investment advisory firm that provides integrated financial advisory, tax planning and investment management services to individuals, families and small businesses, the firm announced Tuesday.

Daniels + Tansey, founded more than 40 years ago, oversees $535 million in assets, according to its latest Form ADV.

“We’re excited about what our partnership with Creative Planning brings to our business and especially our clients,” said Chris Daniels, the firm’s managing director, said in a statement. “By combining a comprehensive national platform with our 40-year relationship with the community, we are now able to offer the Delaware Valley’s premier, full-service tailored wealth management experience. We’re looking forward to the opportunity to simplify financial complexity and build successful wealth journeys for clients throughout the region.”

Creative Planning had assets under management of more than $245 billion as of July 1.

In August, Creative Planning announced that it was purchasing Personal Financial Management, Goldman Sachs’ RIA, with $29 billion in assets. Other recent deals include the acquisition of the retirement plan advisory team at Mesirow, which oversees plans with about $13 billion under advisement, and a deal for a Philadelphia-area firm, Kistler-Tiffany Advisors, with $1 billion in AUM.

[More: King of Kansas]