Modern Wealth Management Acquires Petso Financial Consultants

Modern Wealth Management Acquires Wade Financial Advisory and Planned Asset Management

April 9, 2025

Wealth Management

Modern Wealth Management has completed the acquisition of Wade Financial Advisory and expects to close on the acquisition of Planned Asset Management, adding roughly $1 billion in AUM and bringing Modern Wealth's assets under management to over $7 billion. The deals establish Modern Wealth's first client-facing offices in California, integrate Wade Financial's tax planning business into Modern Wealth's tax platform, and support a leadership succession plan at Planned Asset Management.

Modern Wealth Management Acquires Barber Financial Group

April 25, 2023

Wealth Management

Modern Wealth Management, an RIA backed by Crestview Partners, has acquired the assets of Barber Financial Group, Osiwala Financial Group and Financial Security. The acquisition adds offices in the Kansas City metro and Detroit, brings roughly $1.5 billion of client AUM and about 50 employees to Modern Wealth's platform as its first deal following a $200 million equity backing from Crestview.

Pure Financial Advisors Acquires Personal Investment Management, Inc.

March 14, 2025

Financial Services

Pure Financial Advisors, LLC (PE-backed RIA) has acquired Personal Investment Management, Inc. (PIM), a Seattle-area financial advisory firm with roughly $567 million in regulatory AUM. The deal, which closed March 14, 2025, expands Pure's presence in the Pacific Northwest and integrates PIM's advisory team and clients into Pure's Seattle / Mercer Island operations.

Modern Wealth Management Acquires OFM Wealth

April 29, 2025

Wealth Management

Modern Wealth Management, a Crestview Partners-backed RIA platform, has signed an asset purchase agreement to acquire Chicago-area OFM Wealth, bringing Modern Wealth's AUM to over $7.5 billion. OFM Wealth's six-person team will join Modern Wealth's national platform to access centralized services and support as part of Modern Wealth's continuing roll-up strategy.

Mesirow Acquires Price Wealth Management

September 3, 2024

Financial Services

Mesirow, an independent, employee-owned financial services firm, has acquired Price Wealth Management, a registered investment advisor based in Stuart, Florida. The deal expands Mesirow Wealth Management's footprint in Southeast Florida and gives Price Wealth access to Mesirow's investment research and resources as the firm grows its presence in the region.

Wealthcare Acquires Sommers Financial Management

January 12, 2023

Wealth Management

Wealthcare Advisory Partners LLC, a NewSpring Holdings platform company and technology-enabled full-service RIA, has acquired Sommers Financial Management, a fee-only registered investment advisor founded in 2002. The deal expands Wealthcare's direct advisory footprint and adds advisors located in Scappoose, Oregon and Tucson, Arizona to its network of more than 150 advisors managing roughly $5 billion in AUM.