Modern Wealth Management Expands with Significant Acquisitions
Modern Wealth Management, a prominent registered investment advisory firm, has recently announced its strategic acquisition of various financial firms. Among these is the well-established Fiser Group, based in Kansas. This move is part of Modern Wealth's broader goal to enhance its assets under management (AUM) by over $500 million. In addition to Fiser Group, the firm is poised to finalize acquisitions of Gardey Financial Advisors and LFM Wealth Management, both of which further strengthen its market position. With a total of eight new acquisitions this year and thirteen since launching, Modern Wealth is on a consistent growth trajectory.
Strengthening Expertise and Market Presence
Co-founder and President Jason Gordo notes that the acquisitions are instrumental in advancing Modern Wealth’s capabilities. "Fiser Group brings crucial tax expertise at a time when it’s becoming increasingly scarce in our industry," he explains. The addition of Gardey will enhance their presence in Michigan, while LFM opens doors in the rapidly developing North Carolina market. Acquiring these firms allows Modern Wealth to provide enhanced service offerings, solidifying its reputation as a leading player in wealth management.
Fiser Group: A Pillar of Tax and Financial Services
Led by Nathan Fiser and Thomas Thornhill, the Fiser Group specializes in comprehensive financial and tax planning services. This acquisition not only enhances Modern Wealth’s tax management capacity but also integrates a talented team of nine professionals. This collaboration aims to offer clients in Kansas enhanced service backed by a deep understanding of local and industry-specific financial needs.
Gardey Financial Advisors: Expanding in Michigan
Gardey Financial Advisors has built a solid reputation in Michigan for delivering fee-based financial advisory services. Founded in 1985 and led by Jonathan Gardey, the firm prides itself on a client-centric approach. With the integration of Gardey, Modern Wealth expands its team with six experienced professionals, enhancing their service scope in the Detroit area.
A New Era in North Carolina with LFM Wealth Management
Modern Wealth’s acquisition of LFM Wealth Management further solidifies its aim for national expansion. LFM is an independent advisory firm that is committed to personalized financial strategies for families and businesses. Under the leadership of Larry McManus, this firm will significantly contribute to Modern Wealth’s growth in the Southern regions of the U.S. By combining their expertise, Modern Wealth is set to open a new office in North Carolina, bringing on board three skilled financial professionals.
Innovation Through the Organic Growth Hub
All three acquired firms will leverage Modern Wealth’s innovative resources. The company’s “Organic Growth Hub” is designed to support client service improvements and streamline business operations. It encompasses strategies for client onboarding, marketing support, technology upgrades, compliance, and human resources. With these tools at their disposal, Fiser Group, Gardey, and LFM can expect considerable growth and enhanced capabilities under the Modern Wealth brand.
Expanding National Presence and Future Goals
These acquisitions will extend Modern Wealth's client-facing offices to 16 across 12 states. This rise in footprint aligns with their focused growth strategy. The firm also plans to pursue additional high-growth acquisitions in the near future as part of its aim for nationwide expansion.
Modern Wealth Management is composed of industry experts committed to redefining the parameters of wealth management. With a clear vision led by a talented team, the firm aims to provide unparalleled service quality and innovative solutions for its clients.
Frequently Asked Questions
What recent acquisitions has Modern Wealth Management made?
Modern Wealth Management has recently acquired Fiser Group, Gardey Financial Advisors, and LFM Wealth Management, greatly enhancing their assets under management.
How much additional assets under management will Modern Wealth gain?
Through these acquisitions, Modern Wealth Management expects to gain over $500 million in additional assets under management.
Who are the key individuals involved in these acquisitions?
Key individuals include Jason Gordo, Nathan Fiser, and Jonathan Gardey, who played significant roles in their respective firms.
What services will the newly acquired firms provide?
The acquired firms will offer financial planning, tax preparation, estate planning, and investment management services, benefiting from Modern Wealth's resources.
What is Modern Wealth's strategy for growth?
Modern Wealth aims for nationwide expansion by acquiring high-quality advisory firms and providing robust resources for enhanced client service and operational efficiencies.
