Savant Wealth Expands Into Rhode Island With $1.15B Corrigan
Savant Wealth Administration, a $29.6 billion registered funding advisor primarily based in Rockford, Ailing., has expanded into Rhode Island by buying Corrigan Monetary’s 25-person crew and $1.15 billion in property underneath administration.
The deal is serial acquirer Savant’s first of 2025, bringing its nationwide presence to 44 places of work in 19 states.
Corrigan is a fee-only RIA began by founder Daniel Corrigan in 1989. It offers monetary planning, funding administration, company pension plan advisement and taxes and estates. It additionally prepares earnings tax returns for greater than 1,000 households, and its tax providers will grow to be a part of Savant’s tax and consulting enterprise.
“It’s essential to notice that almost all of Corrigan’s monetary planners maintain the CPA license, given the significance of integrating tax planning into purchasers’ monetary plans and the present nationwide scarcity of CPAs,” Savant founder and CEO Brent Brodeski stated in an announcement.
By the deal, Corrigan and 15 shareholders of Corrigan Monetary will grow to be member-owners of Savant. Non-public fairness agency Kelso has a minority stake in Savant, and workers personal about 65%.
Mariner Acquires Ohio-Based mostly Hyre Private Wealth
Mariner Wealth Advisors has expanded its presence in Ohio to eight places of work and a pair of,600 purchasers by buying Hyre Private Wealth, previously affiliated with Raymond James.
Mariner, the $555 billion mega-RIA primarily based in Overland Park, Kan., has introduced on Hyre’s three advisors, two help workers and about $325 million in AUM in Columbus, Ohio. Hyre took on the Mariner model title on Could 1.
The RIA, based in 2005 by Jim Hyre, gives monetary, property, tax planning and charitable giving recommendation. It offers purchasers with what it calls a “True Wealth” technique that integrates monetary planning with values and life targets.
Neuberger Berman Capital Options and Leonard Inexperienced & Companions each maintain stakes in Mariner.
Cetera’s TRPG Provides Three Advisor Groups With $180M
Cetera’s wholly-owned RIA group, The Retirement Planning Group, has elevated its presence in New York, California and Washington state by buying three practices with a mixed $180 million in AUM.
The brand new additions embrace:
TRPG, which Cetera acquired in 2023, has over 2,000 purchasers and oversees $2.63 billion in AUM. It’s headquartered in Leawood, Kan.; Cetera is predicated in San Diego, Calif.
LPL Poaches Barlow Capital from Raymond James
LPL Monetary has snagged a former Raymond James advisor who reported serving about $250 million in advisory, brokerage and retirement plan property.
R. Brennan Barlow of Barlow Capital Advisors joins LPL after a few decade within the trade. He’s a second-generation advisor primarily based in Flower Mound, Texas, and will probably be joined by his spouse, Amanda, a shopper service affiliate, and one other shopper service workers member.
In line with an announcement, Barlow left for LPL for “extra autonomy and the flexibleness to run and develop his enterprise.”
San Diego-based LPL has probably the most advisors of any impartial dealer/seller within the nation, with practically 29,000 nationally.