Pure Financial Advisors Expands Midwest Influence
Pure Financial Advisors, LLC ('Pure'), an innovative financial education and planning firm situated in San Diego, has made significant strides in enhancing its market presence by acquiring Fairhaven Wealth Management, LLC. Fairhaven, a well-regarded financial planning and investment management firm, boasts nearly $900 million in client assets.
This acquisition marks Pure's second in the year, further reinforcing its commitment to growth and partnership within the financial sector.
A Cultural Fit for Long-Term Success
Brian Perry, Pure's Chief Investment Officer, expressed his enthusiasm about the acquisition, highlighting the cultural alignment between the two firms. He stated, "We're thrilled to welcome the Fairhaven team to the Pure family. Both our organizations share a strong foundation in financial planning, investment advice, and a passion for educating clients, creating a solid basis for mutual success."
As Fairhaven celebrates a decade in business, this partnership is expected to provide enhanced services for its clients, filtering down from the common goal of outstanding financial education and personalized investment strategies.
Strengthening Retirement Consulting Services
In addition to expanding its services, this deal provides a unique opportunity for Pure to deepen its retirement consulting capabilities. Jason Carver, the CFO and Managing Partner, remarked, "Growth is strategic and thoughtful. This partnership brings forth a robust foundation in retirement consulting that we aim to build upon. The future looks promising for our clients and employees alike."
Collaborative Support from Investment Partners
The integration of Fairhaven into Pure’s operations has also garnered support from some key investment partners, including Lee Equity Partners and Emigrant Partners. Liz Nesvold, Chair of Emigrant Partners, noted the successful alignment of both firms, stating, "Pure continues to exhibit one of the most remarkable growth narratives in the industry, focusing on client-centric strategies that resonate with our vision for a collaborative future."
About Pure Financial Advisors, LLC
Founded in 2007 and operating from San Diego, Pure Financial Advisors stands out as a registered investment advisor known for its commitment to fee-only financial education and planning. Currently, Pure manages over $8.02 billion in client assets, assisting more than 6,000 families in reaching their financial objectives. The firm has established 11 offices within the Western and Central United States, driven by a mission that underscores the importance of independent financial guidance and high-quality, fee-only advice.
Recognized for its excellence, Pure Financial Advisors has attained numerous accolades including mentions in Inc. Magazine’s Fastest-Growing Private Companies, as well as rankings in Barron’s and Forbes. These honors reflect the firm’s dedication to innovation and client satisfaction.
Frequently Asked Questions
What prompted Pure Financial Advisors to acquire Fairhaven Wealth Management?
The acquisition was driven by a shared commitment to quality financial education and service expansion in the Midwest region.
How does this acquisition benefit Pure's clients?
Clients can expect enhanced service offerings and a broader range of financial planning resources as a result of the partnership.
What is Pure Financial Advisors' overall mission?
Pure's mission focuses on providing independent, fee-only financial education and advice to empower individuals and families.
What accolades has Pure Financial Advisors received recently?
Pure has consistently featured in top industry rankings including Inc. Magazine’s Top 5,000 Fastest-Growing Private Companies and Barron’s Top 100 RIAs.
How does the partnership influence Pure's future growth strategy?
The acquisition lays a solid foundation for continued organic and targeted growth, particularly in the retirement consulting sector.
