Modern Wealth Management Acquires Barber Financial Group

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 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 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.

Modern Capital Acquires Western Equity Group, Inc.

March 16, 2020

Financial Services

Modern Capital, a Charleston-based diversified financial services firm, has entered into a definitive agreement to acquire Western Equity Group, Inc., an SEC-registered, FINRA-member broker-dealer. The acquisition will expand Modern Capital’s retail and institutional trading capabilities and establish a capital markets desk; Western Equity Group will be renamed Modern Capital Securities Co. and its personnel will join Modern upon closing (subject to FINRA approval).

Modern Wealth Management Acquires Petso Financial Consultants

October 24, 2024

Financial Services

Modern Wealth Management has acquired Boise-based Petso Financial Consultants, a fee-only RIA with approximately $1.4 billion in AUM and a 10-person team. The asset purchase brings Modern Wealth's total AUM to over $6 billion and expands the firm's presence into the Pacific Northwest; Petso founder David Petso joins Modern Wealth as a managing director.

Aspen Standard Wealth Acquires MG Financial ( $1.1B AUM )

August 7, 2025

Wealth Management

Aspen Standard Wealth has acquired MG Financial, a Braintree, Massachusetts–based registered investment advisor with $1.1 billion in assets under management. The deal is the fourth acquisition for Aspen since launching in late 2024 and expands its permanent-platform model that preserves acquired RIAs’ identities while supporting growth.