Two South Central U.S. Firms Announce Merger

Burns Advisory Group, an Oklahoma City-based wealth management firm, and Dallas-based Executive Financial Group are merging with a combined $600 million in client assets.

The firms say clients of the combined entity will benefit from improved resources and complementary skill sets. Burns Advisory Group operates an investment committee and asset management process, while Executive Financial Group specializes in financial challenges faced by senior corporate executives and employee stock ownership plans (ESOPs).

The firms expect that their geographic proximity to one another will allow them to continue to expand in the region.   

“Our partnership with Jerry Georgopoulos and Executive Financial Group will enable us to further differentiate our services from the competition,” says John Burns, founder of Burns Advisory Group. “Together we will build on our current offerings to reinforce the benefits of working with a team of independent unbiased professionals.”

As a condition of the merger, Georgopoulos will become a full partner in Burns Advisory Group and, likewise, Burns will acquire an equal share in Executive Financial Group. The firms will continue to function under the missions that governed their work prior to this transition, with the same professional teams remaining in their roles at their respective locations.

Burns Advisory Group, headquartered in Oklahoma City and with offices in Connecticut, is a private wealth management firm. The firm also has an established consulting practice in which it serves as a fiduciary adviser to institutional level clients and corporate and municipal retirement plans.

Executive Financial Group specializes in providing fee only, objective financial planning counsel to senior corporate executives.