Savant Wealth Management, a Rockford, Illinois-based registered investment adviser managing $13.5 billion, has acquired Alliant Wealth Advisors, a Manassas, Virginia-based RIA firm managing and advising on $262 million.
Terms of the acquisition were not disclosed.
Since Kelso & Co. took a minority stake in the firm in 2021, Savant has been looking to acquire other RIA firms as well as grow organically.
Alliant Wealth includes a qualified plans division, which works with employers to develop retirement plan benefits and provides resources to help companies educate workers about their retirement plans. Alliant’s qualified plans division will become a part of Savant’s retirement plan services division, Savant said in a press release.
John Frisch, president of Alliant Wealth and Jeff Schatz, senior advisor at Alliant Wealth, will become member-owners in Savant.
AI is no replacement for trusted financial advisors, but it can meaningfully enhance their capabilities as well as the systems they rely on.
Prudential's Jordan Toma is no "Finfluencer," but he is a registered financial advisor with four million social media followers and a message of overcoming personal struggles that's reached kids in 150 school across the US.
GReminders is deepening its integration partnership with a national wealth firm, while Advisor CRM touts a free new meeting tool for RIAs.
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.
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.
