Waverly Advisors acquires $186 million RIA

Waverly Advisors acquires $186 million RIA
Wall Advisors was established in 1986 by H. Lee Wall, founding partner of affiliated CPA firm Wall Titus.
DEC 05, 2022

Waverly Advisors, a Birmingham, Alabama-based registered investment adviser managing $5.3 billion, has acquired Wall Advisors, a Lakeland, Florida-based RIA firm managing $186 million.

Financial terms weren't disclosed.

Wall Advisors was established in 1986 by H. Lee Wall, founding partner of affiliated CPA firm Wall Titus. Waverly will continue to collaborate with Wall Titus professionals after the firm’s four professionals join Waverly, with Lee Wall assuming the role of regional director.

This acquisition marks the third since Waverly accepted an equity investment in December 2021 from Wealth Partners Capital Group and HGGC’s Aspire Holdings platform, Waverly Advisors said in a press release Monday. The partnership supports Waverly’s M&A-focused growth initiatives, particularly aimed at wealth management firms with a CPA orientation.

Latest News

Revealed: The InvestmentNews Top Advisors for 2025
Revealed: The InvestmentNews Top Advisors for 2025

Driven by long-term vision and a steadfast commitment to client service, the top-ranking advisors are reaching new heights of success.

Trepidation at SEC as Trump workforce overhaul casts shadow on agency
Trepidation at SEC as Trump workforce overhaul casts shadow on agency

While the regulator's lawyers may be exempt, a federal effort to purge workers is causing uncertainty across its broader employee base.

Prime Capital Financial, Carnegie expand Eastern footprints
Prime Capital Financial, Carnegie expand Eastern footprints

The two national RIA firms are bolstering their presence separately in Georgia and Connecticut with new billion-dollar acquisitions.

Embattled TD Bank eyes $14B raise in Schwab stake exit
Embattled TD Bank eyes $14B raise in Schwab stake exit

The banking giant is looking to sell its interest in the online brokerage giant amid the continuing fallout of its historic money-laundering settlement with federal regulators.

Next-gen woman advisor managing $200M switches from UBS to Sanctuary Wealth
Next-gen woman advisor managing $200M switches from UBS to Sanctuary Wealth

Advisor joins the Partnered Independence model for new firm launch.

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.

SPONSORED Why wealth advisors should care about the future of federal tax policy

Blue Vault features expert strategies to harness for maximum client advantage.