Wealth Management Acquisitions in Louisiana

Creative Planning LLC has acquired Resource Management LLC, a fee-only advisory firm with $1.9 billion in AUM led by president and CEO Randy Waesche. The deal expands Creative Planning’s national footprint and adds clients and capabilities in financial planning, family enterprise advising and asset management; DeVoe & Co. served as financial advisor to Resource Management on the transaction.

EdgeCo Holdings, L.P. has entered into an agreement to bring New Orleans-based Goss Advisors (GWM Advisors LLC) into its wealth division, which includes the wealth management operations of Mid Atlantic Capital Group. The transaction, which will join Goss Advisors' ~100 independent-advisor platform and ~$8 billion in brokerage and advisory assets to EdgeCo, is expected to close before year-end and will retain Goss Advisors' executives and employees.

Mercer Global Advisors, Inc. (Mercer Advisors) has acquired Personal Financial Advisors, LLC (PFA), a Covington, Louisiana-based wealth management firm. PFA serves roughly 140 clients with approximately $105 million in AUM; founder Robert J. Reed, Jr. and his staff will join Mercer as the firm establishes its first physical presence in Louisiana.