July 03, 2012
--- The company, Savant Capital LLC, will provide
strategic advantages and efficiencies, and have nearly
$2.7B assets under management. ---
The strategic combination of Savant Capital Management
and The Monitor Group, one of the biggest in the registered
investment adviser (RIA) industry, will give the new company more than
90 employees in nine offices in three states (Illinois, Wisconsin and
Virginia). Savant Capital will be among
the top 50 largest RIAs in total assets under management.
The combination of the firms will allow the two
organizations to utilize best practices by leveraging their combined
intellectual capital and expanding service offerings, and creating long-term
and continued success for clients. Both organizations are fee-only
financial planning and investment management firms with similar investment and
planning philosophies, a fiduciary approach and corporate values.
The board of managers for Savant Capital is Thomas Muldowney, chairman and principal; Brent Brodeski, chief executive and principal; Richard Bennett, COO and principal; and Glenn Kautt, vice chairman and principal (previously president
and chairman of The Monitor Group). Before the combination, Muldowney, Brodeski
and Bennett were principals at Savant Capital Management.
The new Savant gains strategic advantages by combining
The Monitor Group's estate planning and tax preparation strengths with Savant
Capital Management’s divisions, which serve investors who have $50,000 or more in assets. Savant Capital Management also
has an institutional division that provides advisory services to 401(k) and
company retirement plans, endowments, foundations and private trusts.
Savant Capital will be headquartered in Rockford, Illinois.