Waverly Advisors Expands Portfolio with New Acquisition
Waverly Advisors Expands Portfolio with New Acquisition
BIRMINGHAM, Ala. — Waverly Advisors, LLC ("Waverly"), a registered investment adviser specializing in wealth management, has successfully acquired CenterPoint Wealth Management, an investment advisory firm known for its personalized financial services.
Understanding CenterPoint Wealth Management
Founded in 2001 by Brian Brunner, CenterPoint has built a reputation in offering customized financial solutions. Their diverse clientele ranges from individuals planning for retirement to families overseeing multi-million dollar trusts. With the merger finalized, the talented CenterPoint team will now integrate into the Waverly organization, bringing their extensive experience and services to a broader audience.
Strategic Growth and Synergy
Justin Russell, the President of Waverly, expressed enthusiasm about this merger. “This partnership aligns perfectly with our strategy of collaborating with culturally-compatible RIAs. As we further our expansion efforts, we are excited to welcome new expertise from our CenterPoint colleagues.”
Team Alignment and Client Focus
Brian Brunner, President of CenterPoint, highlighted the cultural synergies between the two organizations: “The team at Waverly was the decisive factor in our choice to merge. Our shared commitment to putting clients first resonates deeply, and we are thrilled to enhance our resources for those we serve, while joining a collective that values family and community.”
Significance of the Acquisition
This acquisition marks Waverly’s 16th transaction since receiving an investment from Wealth Partners Capital Group ("WPCG") and HGGC’s Aspire Holdings. This collaboration enhances Waverly’s assets under management (AUM) to approximately $13.2 billion, signaling optimistic growth potential.
Looking to the Future
Mac Selverian of WPCG emphasized the successful journey leading up to this merger, noting, “Working alongside Waverly and witnessing their growth has been an exciting experience. Looking ahead, we see tremendous potential for even further development in their M&A strategies.”
About Waverly Advisors
Waverly Advisors, LLC stands as a premier fee-only registered investment adviser, adept at managing the investment and wealth planning needs of a varied clientele, including high-net-worth individuals, families, corporate retirement plans, trusts, and institutions. With approximately $13.2 billion in assets under management, Waverly presents a suite of collaborative services, including investment management, tax advisory, and estate planning, serving clients from 22 offices across the U.S. since its establishment in 1999.
Frequently Asked Questions
What does the acquisition of CenterPoint Wealth Management mean for Waverly Advisors?
The acquisition enhances Waverly’s service offerings, expanding their team and expertise, which in turn provides clients with more resources and capabilities.
Who will be part of Waverly after the acquisition?
The entire CenterPoint team, known for their diverse financial service capabilities, will join Waverly Advisors, contributing to a rich pool of knowledge and expertise.
What are Waverly's primary services?
Waverly specializes in investment management, financial planning, tax services, and estate planning for high-net-worth individuals, families, and institutions.
How does this acquisition affect Waverly’s assets under management?
This merger increases Waverly’s assets under management to approximately $13.2 billion, signifying substantial growth for the firm.
What is the strategic goal of Waverly Advisors?
Waverly Advisors aims to pursue strategic partnerships with culturally aligned RIAs to enhance their service offerings and expand their market presence.
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