Waverly Advisors Expands Reach with Dickinson Acquisition

Waverly Advisors Expands Reach with Dickinson Acquisition

BIRMINGHAM, Ala. — Waverly Advisors, LLC (“Waverly”), a premier federally registered investment adviser specializing in investment management and wealth planning, has successfully acquired Dickinson Investment Advisors (“Dickinson”). This new partnership enables Waverly to broaden its footprint into several markets, particularly in Iowa.

Understanding the Partnership Dynamics

Established by Ron Dickinson in 1998, Dickinson has been known for its client-centered approach in wealth management. The firm adopts a team-based strategy that focuses on creating customized financial plans tailored to their clients’ unique needs. This complementary framework includes specialized tax planning, enhancing the financial well-being of its clients and aiding many in achieving a secure retirement.

Joining Waverly not only brings the expertise of Ron and his team to the table but also allows for the continuation of their client-first philosophy.

Leadership Praise for the Acquisition

Justin Russell, President and CEO of Waverly, expressed appreciation for the strong client relationships that Ron and his team have fostered. “Ron and his team have created a thriving firm by fostering long-term, personalized relationships with their clients. We truly value the dedication Dickinson places on its client relationships,” stated Russell.

Ron articulated his enthusiasm for the merger, highlighting the advantages it offers his clientele. “Partnering with Waverly means we can deliver enhanced resources and infrastructure to our clients,” said Ron, emphasizing the commitment shared by both firms towards robust client service, which played a critical role in choosing to join forces.

Significant Transaction Milestones

This acquisition of Dickinson marks a notable achievement for Waverly, being the firm’s twenty-first transaction following a strategic equity investment made in late 2021 by Wealth Partners Capital Group (“WPCG”) and HGGC’s Aspire Holdings platform. The deal, completed recently, adds to Waverly’s impressive assets under management (AUM), now totaling approximately $16.4 billion.

Mac Selverian, Principal at WPCG, commented on the firm’s robust growth trajectory. “With the ongoing advancement of Waverly's M&A initiatives, the firm has seen significant expansion across various U.S. regions. Watching Waverly establish its presence in new markets throughout the year will be thrilling,” he stated.

Waverly Advisors at a Glance

Waverly Advisors is a fee-only investment adviser that caters to a diverse clientele, including high-net-worth individuals and families, corporate retirement plans, trusts, endowments, and other institutions. Founded in 1999, Waverly operates across 35 offices nationwide with a professional workforce that exceeds 250 individuals, many of whom are recognized leaders in the financial services industry. The firm’s total AUM reflects its commitment to providing exceptional investment and financial planning services.

Frequently Asked Questions

What services does Waverly Advisors provide?

Waverly Advisors offers investment management, tax planning, estate planning, and tailored financial planning services to individuals and institutions.

What is the significance of the acquisition of Dickinson?

The acquisition enhances Waverly Advisors' market reach and provides Dickinson clients with greater resources, improving service quality.

Who is Ron Dickinson?

Ron Dickinson is the founder of Dickinson Investment Advisors, known for promoting a personalized and team-oriented approach in wealth management.

How has Waverly's growth been characterized?

Waverly has seen substantial growth through strategic acquisitions and investments, increasing its AUM significantly over recent years.

Where is Waverly Advisors headquartered?

Waverly Advisors is based in Birmingham, Alabama, and operates numerous offices across the United States.

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