Tracked deals
8
8 tracked deals across 2022-2025.
Wealth Management Buyers & Acquisitions in Missouri
Buyer mix
Strategic-led
6 strategic · 3 pe
Top trend
Volume peaked in 2025
5 tracked deals announced in 2025.
Primary Insight
What Stands Out
- Missouri deals span RIAs and multi-family offices, with activity concentrated in major metro areas including the St. Louis region.
- Expansion frequently happens through full acquisitions (e.g., Wealth Enhancement/Wise Wealth, Arax Investment Partners/Summit Wealth Strategies).
- Minority stakes and practice affiliations are common, including Rise Growth Partners/Krilogy and Summit Financial/Genex Consulting.
- Resource and platform support is a consistent deal rationale—adding advisor tools and specialized functions while maintaining independent client models.
- Advisor ownership and talent continuity appear in multiple transactions, including &Partners’ structure and board participation in multi-family office investments.
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| &Partners | 1 | Advisor- and employee-owned wealth management firm; hybri... | Strategic |
| Allworth Financial | 1 | Full-service independent investment advisory firm offerin... | Strategic (PE-backed) |
| Arax Investment Partners | 1 | Buy-and-build wealth and asset management platform that p... | Strategic (PE-backed) |
| BW Forsyth Partners | 1 | Private investment firm (investment arm of Barry-Wehmille... | PE |
| Creative Planning, LLC | 1 | Independent wealth management firm offering financial pla... | Strategic |
| Merchant Investment Management | 1 | Private partnership providing growth capital, management ... | PE |
| Rise Growth Partners | 1 | Provides non-controlling minority capital and strategic e... | PE |
| Summit Financial | 1 | Independent investment advisory firm and advisor platform... | Strategic |
| Wealth Enhancement | 1 | Independent wealth management firm focused on acquiring a... | Strategic |
Acquisition Volume in Wealth Management in Missouri by Year
Last 3 years
Supporting Data
Recent Transactions
-
October 31, 2025
- Buyer
- Wealth Enhancement
- Target
- Wise Wealth
- Industry
- Wealth Management
- Location
- Missouri, United States
- Type
- Buyout
Wealth Enhancement, a national independent wealth management firm, acquired Wise Wealth, an independent RIA with more than $464 million in client assets and offices in Lee's Summit, Rolla and Liberty, Missouri. The transaction closed on October 31, 2025 and marked Wealth Enhancement’s 100th acquisition, bringing its total client assets to more than $125 billion.
-
October 27, 2025
- Buyer
- &Partners
- Target
- Mannen Financial Group
- Industry
- Wealth Management
- Location
- Missouri, United States
- Type
- Addon
&Partners, an advisor- and employee-owned wealth management platform, announced that Mannen Financial Group has joined as its 100th advisor practice. The affiliation expands &Partners' footprint while preserving an ownership model that makes advisors owners; the firm now reports approximately $50 billion in pre-hire assets and $350 million in revenue.
-
October 22, 2025
- Buyer
- Rise Growth Partners
- Target
- Krilogy
- Industry
- Wealth Management
- Location
- Missouri, United States
- Type
- Growth capital
Rise Growth Partners has made a non-controlling minority investment in Krilogy, a St. Louis-based registered investment advisory firm managing roughly $4.0–4.1 billion in client assets. The partnership will provide capital, strategic resources and support for advisor talent development, succession planning and continued growth while preserving Krilogy’s independent culture.
-
August 5, 2025
- Buyer
- Arax Investment Partners
- Target
- Summit Wealth Strategies
- Industry
- Wealth Management
- Location
- Missouri, United States
- Type
- Addon
Arax Investment Partners, a RedBird-backed wealth-management platform, has acquired Summit Wealth Strategies, a Chesterfield, Missouri–based registered investment advisor with $1 billion in assets under management. Summit will join Arax Advisory Partners to expand Arax's Midwest presence; financial terms were not disclosed.
-
February 10, 2025
- Buyer
- Summit Financial, Merchant Investment Management
- Target
- Genex Consulting
- Industry
- Wealth Management
- Location
- Missouri, United States
- Type
- Growth capital
Summit Financial, in collaboration with Merchant Investment Management, has acquired a minority stake in Genex Consulting, a $700 million multi-family office based in Kirkwood, Missouri. The investment gives Genex access to Summit’s advisor platform and resources (in-house attorneys, tax specialists, financial planners and investment strategists) to scale and expand its wealth management services while maintaining its independent, high-touch model.
-
October 2, 2024
- Buyer
- BW Forsyth Partners
- Target
- Matter Family Office
- Industry
- Wealth Management
- Location
- Missouri, United States
- Type
- Growth capital
BW Forsyth Partners has made a strategic, long-term investment in Matter Family Office, a St. Louis-based multi-family office led by founder Kathy Lintz. Forsyth will provide capital to fund organic growth, future acquisitions and cultural programs, and will join Matter's board while Matter advisors and staff remain in place.
-
March 24, 2022
- Buyer
- Allworth Financial
- Target
- Horseman Group
- Seller
- Horseman Group, John Horseman, Bill Macher
- Industry
- Wealth Management
- Location
- Missouri, United States
- Type
- Addon
Allworth Financial has acquired Horseman Group, a St. Louis-based registered investment advisor, expanding Allworth's Midwest presence and increasing its office count to 24 across 10 states. Horseman’s 13-person team and ~$991 million in client assets join Allworth’s platform; financial terms were not disclosed.
-
February 1, 2022
- Buyer
- Creative Planning, LLC
- Target
- Paradigm Financial Advisors
- Industry
- Wealth Management
- Location
- Missouri, United States
- Type
- Buyout
Creative Planning, a large independent wealth management firm, has acquired Paradigm Financial Advisors, a St. Louis-area fee-only RIA managing over $600 million in AUM. Paradigm's owner Jim Reding becomes an equity partner and will serve as Managing Director of Creative Planning’s new St. Louis office; Creative Planning plans to leverage Paradigm’s advanced planning expertise to expand its high-net-worth services in the Midwest.
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Frequently Asked Questions
Which deal types show up most in Missouri wealth management acquisitions?
The page highlights full acquisitions, minority investments, and advisor-practice affiliations (including non-controlling stakes and structured platforms such as &Partners).
What kinds of wealth management businesses are being acquired or partnered with in Missouri?
Transactions involve independent RIAs and multi-family offices, including firms based in places like Chesterfield, Lee’s Summit, Kirkwood, and St. Louis-area locations.
Do the deals typically keep the target firms’ independence?
Many transactions are framed around preserving an independent culture or operating model—especially minority stake deals and affiliation-style growth (e.g., Rise Growth Partners/Krilogy and &Partners’ advisor practice model).
Which buyers appear repeatedly across Missouri transactions?
Recurring buyers on the page include Rise Growth Partners, Wealth Enhancement, BW Forsyth Partners, Summit Financial, Merchant Investment Management, &Partners, Creative Planning, LLC, and Allworth Financial.
Related Acquisition Pages
Wealth Management Buyers & Acquisitions
Wealth Management Buyers & Acquisitions in Canada
Private Equity-Backed Wealth Management Buyers
Wealth Management Acquisitions in 2025
Wealth Management Acquisitions in 2024
Wealth Management Acquisitions in 2022
Acquisitions in Missouri
Private Equity-Backed Acquisitions in Missouri
Acquisitions in Missouri in 2025
Acquisitions in Missouri in 2024
Acquisitions in Missouri in 2022