Savant Wealth Management, a Rockford, Illinois-based registered investment adviser, announced that it has acquired SFG Wealth Planning, an RIA in Doylestown, Pennsylvania, with $286 million in AUM.
The terms of the transaction were not disclosed.
SFG Wealth Planning, which has six employees, focuses on working with senior executives at public companies. Chuck Steege, owner and president, and Matthew Witter, owner and senior vice president, will become member-owners in Savant.
“Savant understands and appreciates the work we do with our senior-level executives, and we were impressed by the firm’s willingness to support our niche clients with the best-in-class services they deserve,” Steege said in the announcement.
Savant said the deal for SFG would expand its footprint in Pennsylvania.
This is Savant’s fourth acquisition this year, following its purchase of Alliant Wealth Advisors in Virginia in June and the deals for World Trend Financial, an Iowa RIA, and Terry Lockridge & Dunn, a tax consulting firm that’s also in Iowa, in September.
The Texas-based former advisor reportedly bilked clients out of millions of dollars, keeping them in the dark with doctored statements and a fake email domain.
The $3.3 trillion tax and spending cut package narrowly got through the upper house, with JD Vance casting the deciding vote to overrule three GOP holdouts.
Meanwhile, a Minnesota-based advisor from Edward Jones has found a new home within Osaic.
Meanwhile, Carson Group extends its acquisition strategy with a Maryland-based advisory practice.
Financial advisor Craig Robson shares the lessons he learned after leaving Merrill Lynch to set up his own practice in the fourth installment of InvestmentNews' new 'Independence Stories' series.
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.
