Modern Wealth Management Acquires OFM Wealth

Modern Wealth Management Acquires Midwest Financial

September 5, 2023

Wealth Management

Modern Wealth Management, a national RIA backed by Crestview Partners, has acquired the assets of Midwest Financial of Glidden, Iowa. The transaction is an add-on to Modern Wealth's platform intended to expand service offerings, accelerate organic growth, and integrate Midwest Financial into Modern Wealth's centralized planning and tax capabilities.

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.

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.

Wealth Enhancement Acquires XO Wealth Management

March 28, 2025

Financial Services

Wealth Enhancement has acquired XO Wealth Management, an independent RIA based in Dallas, Texas, whose team of three advisors and three support staff manages over $516 million in client assets. The deal expands Wealth Enhancement's footprint in Texas to 11 locations and increases the firm's total client assets to more than $107.5 billion.

Modern Wealth Management Acquires Kaye Capital Management

July 13, 2025

Financial Services

Modern Wealth Management has acquired El Segundo-based Kaye Capital Management in an asset purchase, bringing KCM's $700M+ AUM (plus $300M AUA) onto Modern Wealth's platform and pushing the firm's total AUM past $8.5 billion. The four-person KCM team and leaders Ken Watten and David Hilton join Modern Wealth as managing directors, strengthening the firm's institutional retirement plan advisory capabilities and expanding its California presence.

Modern Wealth Management Acquires Fiser Group; To Acquire Gardey Financial Advisors and LFM Wealth Management

December 10, 2024

Wealth Management

Modern Wealth Management has acquired Lenexa, Kansas-based Fiser Group and announced plans to complete asset purchases of Saginaw, Michigan-based Gardey Financial Advisors and Chapel Hill, North Carolina-based LFM Wealth Management, adding over $500 million in expected AUM. The transactions (asset purchases) bring small advisory teams into Modern Wealth's platform—enhancing its tax capabilities, expanding its Midwest and Southern footprints, and growing the firm's office network and client-facing resources.