Modern Wealth Management Acquires Midwest Financial

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.

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 Martin James Investment & Tax Management

October 19, 2023

Accounting & Tax

Modern Wealth Management has acquired Indianapolis-based Martin James Investment & Tax Management, integrating the tax, accounting and wealth management firm into its national RIA platform. The deal brings roughly 10 employees and about 400 client relationships to Modern Wealth and adds dedicated tax planning and compliance capabilities to the buyer's service offering.

Nicolet Bankshares Acquires MidWestOne Financial Group

February 17, 2026

Financial Services

Nicolet Bankshares, Inc. completed its merger with MidWestOne Financial Group, Inc., with MidWestOne merged into Nicolet and operating as a division of Nicolet National Bank until a planned system conversion in August 2026. The deal adds roughly $6 billion in assets, bringing Nicolet's pro forma assets to approximately $15 billion and expands Nicolet’s branch footprint across Iowa, the Twin Cities, Western Wisconsin, and Denver.

MAI Capital Management Acquires Madison Wealth Management

January 8, 2024

Wealth Management

MAI Capital Management acquired Madison Wealth Management, adding approximately $1.4 billion of client assets under management and expanding MAI’s presence in Cincinnati and Northern Virginia. The Madison team will join MAI effective January 5, with Madison leaders Ed Kuresman and Jim McDermott assuming Regional President roles; terms were not disclosed.

Pure Financial Advisors Acquires Fairhaven Wealth Management

April 21, 2025

Wealth Management

Pure Financial Advisors, a San Diego-based fee-only RIA backed by Lee Equity Partners and Emigrant Partners, has acquired Fairhaven Wealth Management, an independent financial planning and investment management firm based in Wheaton, Illinois with nearly $900 million in client assets. The acquisition expands Pure's presence in the Chicago / Midwest market and enhances its retirement consulting capabilities.