Wealth Management Acquisitions in Michigan

Integrated Partners has added Morrison Nordmann Wealth Management, a Lansing/East Lansing, Michigan-based advisory firm bringing approximately $200 million in client assets onto its RIA platform. The move expands Integrated Partners' presence in Michigan and provides Morrison Nordmann access to the platform's planning, operational and advisor support resources to support growth and serve higher-net-worth clients.

CX Institutional d/b/a Credent Wealth Management acquired TFG Advisors, a Michigan-based financial advisory firm with approximately $420 million in AUM and roughly 400 clients, adding Auburn Hills and Ann Arbor offices and bringing Credent close to $4.0 billion in AUM. The seven-member TFG team — including principals George Barnhart, Terry Hirsch, and Paul Reile — will join Credent; the deal supports TFG's succession plans and expands Credent's Midwest footprint.

Arax Investment Partners, a RedBird-backed wealth management platform, has acquired Schechter Investment Advisors (SIA), the RIA arm of Schechter based in Birmingham, Michigan. SIA manages approximately $4.0 billion in assets and will integrate into the Arax platform while Schechter's Advanced Design Life Insurance business remains a separate entity.

Carson Group has acquired Mommaerts Mahaney Financial Services, a Marquette, Michigan-based advisory firm managing approximately $314 million in AUM. The practice will become a Carson Wealth office in Marquette, with clients retaining service continuity and gaining access to Carson's broader technology, back-office support and advisory ecosystem; Alaris Acquisitions served as exclusive advisor to Mommaerts.

West Shore Bank of Ludington, Michigan completed the acquisition of the Wealth Management, Investment Advisory and Trust services business of Auto Club Trust, FSB (Dearborn, MI) in an all-cash transaction effective March 31, 2025. Financial terms were not disclosed; West Shore Bank will continue to operate the business in Southeast Michigan (initially in Dearborn) and will welcome the acquired customers and employees into its wealth management operations.

Integrated Partners, a national RIA and financial planning platform, announced that Prout Financial Design of Traverse City, Michigan (over $331 million AUA) has joined its network. Prout will use Integrated's investment management platform, marketing and succession-planning support to pursue growth, attract higher-net-worth clients and ensure continuity for the firm's advisors.

Elevation Point has made a strategic minority investment in Stonebrook Private, a Northville, Michigan-based fee-only fiduciary advisory firm with over $750 million in AUM. The partnership will allow Stonebrook to retain control while leveraging Elevation Point's resources to accelerate growth and enhance client service capabilities.

EP Wealth Advisors has acquired Executive Wealth Management, adding approximately $1.6 billion in AUM and establishing EP Wealth's first offices in Michigan. The transaction, finalized in December 2024, brings nearly 50 EWM team members into EP Wealth and increases the firm's total AUM to over $31 billion.

Wealth Enhancement Group, a national independent wealth management firm, announced that the five-person Gavin Financial Group team in Midland, Michigan has joined the firm. The Gavin team manages over $658 million in client assets; the move expands Wealth Enhancement Group's presence in Michigan and is its sixth acquisition of 2024.

Cresset Asset Management has acquired The Connable Office, a 130+-year multi-family office and private trust company based in Kalamazoo, Michigan. The deal brings Connable's trust administration and family-office capabilities into Cresset's platform, creating a combined firm that will manage more than $52 billion in client assets; Republic Capital Group and Alston & Bird advised Connable.

Adviser Investments, an independent wealth advisor based in Newton, Massachusetts, has acquired LeJeune Puetz Investment Counsel of Traverse City, Michigan. The deal brings LeJeune Puetz’s ~$350 million in client assets and 75 households onto Adviser's platform, expands Adviser's footprint in Northern Michigan, and brings John Puetz into Adviser as a partner and wealth advisor.

Mariner Wealth Advisors acquired Bloomfield Hills-based Heber Fuger Wendin Investment Advisors (HFW) at the end of July 2022. The acquisition expands Mariner's client roster and capabilities by adding HFW's niche advisory services for community banks and credit unions and its $8.6 billion in AUM, while HFW staff remain in place under the Mariner name.

Mercer Global Advisors, Inc. has acquired Sanford Advisory Services, LLC, a Portage, Michigan-based wealth management firm managing approximately $1.1 billion in AUM/A and serving about 1,100 clients. The Sanford team of ten professionals, including founders Todd Sanford, Scott Williams and Brent Kerstetter, will join Mercer as the firm expands its Central U.S. presence.

Allworth Financial has acquired Michigan-based investment firm Blueprint Financial, which manages approximately $80 million of client assets. The deal expands Allworth's footprint in the Midwest as it continues a string of acquisitions that have added over $1.1 billion in acquired assets in just over a year.