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.
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