Firm is expected to surpass $7 billion in assets under management (AUM) following acquisitions of Wade Financial Advisory and Planned Asset Management, marking 14th and 15th deals since launch

MONTEREY, Calif.: Modern Wealth Management (“Modern Wealth”), a registered investment advisory (RIA) firm founded to meet the evolving needs of today’s financial professionals and their clients, today announced two asset purchase agreements to power its expansion in California and propel its assets under management (AUM) to over $7 billion. The firm has finalized the acquisition of Wade Financial Advisory (“Wade Financial”) and expects to close on the acquisition of Planned Asset Management in the coming weeks.

Based in Campbell, California, Wade Financial is a fee-only financial planning firm with a dedicated tax planning and preparation business that integrates taxes, equity compensation, investments, risk management, real estate, retirement and estate planning. The firm manages more than $700 million in assets and serves over 250 households in the greater Silicon Valley area, including technology entrepreneurs, professionals, executives and multigenerational families. Wade Financial’s tax planning business will be integrated into Modern Wealth’s established tax platform, while Neelesh Champaneri, CFA, CAIA, CFP®, will join the firm’s investment management team, led by Director of Investments Stephen Tuckwood, CFA®.

“Modern Wealth shares the same commitment to delivering comprehensive, coordinated advice – something that’s often missing when professionals operate in silos,” said Rodney Wade, CFP®, AIF®, EA, Wade Financial’s founder, who joins Modern Wealth as Managing Director. “We were intentional about finding a firm that aligned culturally and strategically with our client service philosophy, and we found that in Modern Wealth. Their experienced leadership team, long-term vision and integrated approach to tax and financial planning made it clear this was the right fit for us and, importantly, our clients.”

Planned Asset Management, based in Calabasas, California, is an independent advisory firm that provides comprehensive financial planning and investment management services to over 200 households, including individuals, families, small business owners, corporations and charitable trusts across the country. Founded by Morrie W. Reiff, CFP®, and now managing over $350 million in assets, the 40-year-old firm pursued an acquisition to Modern Wealth to facilitate its leadership succession plan to Reiff’s daughter, Jamie Reiff.

“Over the past decade, our firm has experienced significant growth, and joining Modern Wealth gives us the ability to accelerate that momentum and expand our capacity to serve more clients,” said Jamie Reiff, who joins Modern Wealth as Managing Director. “With access to a dedicated back-office and operational support, we’re able to deliver an even higher level of service and meet the financial needs of more families across the country. Modern will also empower me to regain valuable time to focus on what I enjoy most, which is serving my clients.”

By joining Modern Wealth, Wade Financial and Planned Asset Management will gain access to an even more robust wealth management platform that enhances their ability to serve clients with integrated offerings such as financial planning, tax planning and preparation, estate planning, investment management and more. In addition, both firms can supplement their expansion plans with the help of Modern Wealth’s “Organic Growth Hub,” which provides comprehensive strategies for lead generation, distribution and client onboarding, as well as business support resources across marketing, technology, compliance, human resources and operations.

“These acquisitions represent a meaningful step forward on multiple fronts as Modern Wealth expands its footprint, adds top-tier talent and deepens its service offerings,” said Jason Gordo, Co-Founder and President of Modern Wealth. “These exceptional firms allow us to establish our first client-facing offices in California and mark the next phase of our national expansion. Wade Financial will bolster our tax and investment management capabilities, while Planned Asset Management gains the operational, technological and administrative support needed to scale their client service.”

Following these acquisitions, Wade Financial and Planned Asset Management will onboard their respective teams of 13 and seven financial professionals and fully adopt the Modern Wealth brand. Derek Bruton of Gladstone Associates, LLC advised on the transaction involving Planned Asset Management.

For more information about Modern Wealth and its comprehensive wealth management services, please visit modwm.com.

About Modern Wealth Management

Modern Wealth Management is a registered investment adviser (RIA) reimagining the delivery of financial advice. Co-Founded by former United Capital executives Gary Roth, Mike Capelle and Jason Gordo, Modern Wealth was designed to anticipate the needs of Americans at every stage in life by providing a full suite of wealth management services carried out by a team of experts specializing in financial planning, tax planning and preparation, personal banking, estate planning and more. Strategically acquiring high-growth RIAs across the country, Modern Wealth plans to establish regional offices in key locations spanning the United States. To learn more about Modern Wealth’s next generation platform and advice delivery model, please email info@modwm.com or visit modwm.com.

Registration with the U.S. Securities and Exchange Commission does not imply a certain level of skill or training. Past performance is not necessarily indicative of future results.

Fonte: Business Wire