Advisory M&A News – 1/21/25

Waverly Advisors Acquires Dickinson Investment Advisors

Waverly Advisors, LLC, a registered investment adviser specializing in investment management, financial planning and wealth management solutions for high-net-worth individuals, corporate retirement plans and institutional clients, acquired Dickinson Investment Advisors, an investment advisory firm in Council Bluffs, Iowa.

Founded in 1998 by Ron Dickinson, Dickinson offers specialized tax planning solutions as a complement to its financial planning and investment management platform. Ron is joined by his entire team at Waverly.

This partnership expands Waverly’s  presence in Iowa. The acquisition marks Waverly’s 21st transaction since accepting an equity investment in December 2021 from Wealth Partners Capital Group and HGGC’s Aspire Holdings platform.

“Ron and his team have created a thriving firm by fostering long-term, personalized relationships with their clients,” Justin Russell, president and CEO of Waverly, said in a statement. “We truly appreciate the priority that Dickinson places on its client relationships, as our client-centric approach is the foundation of Waverly’s culture.”

Integrated Partners Expands West Coast Footprint with Addition of RetirementDNA

Integrated Partners, a national financial planning and registered investment advisory firm serving more than $20 billion in assets under advisement, announced San Diego-headquartered RetirementDNA joined  its network.

RetirementDNA offers retirement and executive benefit plans, personalized worksite financial wellness counseling for employers and employees and private wealth management services.

Partnering with Integrated Partners will support Retirement DNA’s efforts to grow its presence in the private wealth space. Through a combination of California and Hawaii based advisers, the firm provides advisory services to more than 250 companies ranging from start-ups to publicly traded corporations.

“With the combination of our wealth management infrastructure and RetirementDNA’s deep expertise in retirement plan services, we’re creating a more robust platform to better serve clients nationwide, with a particular focus on the West Coast,” Robert Sandrew, chief growth officer at Integrated Partners, said in a statement.

Concentric Wealth Management Joins MAI Capital Management

MAI Capital Management, LLC, a registered investment adviser specializing in investment and financial planning for high-net-worth individuals and families,  acquired Concentric Wealth Management, LLC.

Headquartered in Lafayette, California, Concentric was founded in 2008 by Eric Flett and Stewart McGuire. It has since grown to a firm of six individuals and $662 million in assets under management.

Concentric specializes in providing wealth management services encompassing family wealth transfer and estate planning, tax planning and compliance, risk management and insurance, executive benefits coordination as well as business transition planning.

“As we continue to grow our presence on the West Coast, we are excited to bring on a talented team from Concentric that shares our core values of serving our clients, our communities, and each other,” Rick Buoncore, executive chairman of MAI, said in a statement.