Waverly Advisors Expands Portfolio with New Acquisition
In a significant step forward, Waverly Advisors, LLC has officially acquired 9258 Wealth Management, LLC. This strategic move not only bolsters Waverly's investment management capabilities but also enhances its reach into new markets. 9258 Wealth Management is a renowned investment advisory firm, celebrated for its comprehensive tax preparation and planning services, headquartered in Cincinnati, Ohio. This collaboration will add three new office locations to Waverly's expanding portfolio and elevate its assets under management to an impressive $1 billion.
Leadership and Team Integration
Founded by Walt Lunsford in 2017, 9258 Wealth Management has established itself as a reliable player in the financial advisory industry. Prior to founding 9258, Walt amassed over 13 years of experience as a Managing Director and Senior Vice President at a leading multinational financial services company. Under this new partnership, Walt will transition into his roles as Partner, Wealth Advisor, and Regional Director at Waverly, bringing with him a talented team of 24 professionals. This integration is expected to yield positive outcomes for both companies.
Benefits of the Partnership
Justin Russell, President of Waverly Advisors, expressed his optimism regarding this acquisition, stating, “Partnering with 9258 brings a wealth of benefits to both firms. Not only do we expand our reach into another new market, but we gain new lines of service and expertise while also providing greater resources to 9258’s existing clients.” Both firms anticipate that this collaboration will significantly enhance service delivery and client satisfaction.
Waverly's Growth and Future Prospects
The acquisition of 9258 marks a notable milestone for Waverly, representing its 17th transaction since the company welcomed an equity investment from Wealth Partners Capital Group (WPCG) and HGGC’s Aspire Holdings platform in December 2021. This momentum reflects Waverly's continuous growth trajectory, having closed seven transactions within 2024 alone. Nick Trepp, Principal at WPCG, commented, “9258’s achievements stem from their dedication to excellent client service. We look forward to their future success as part of the Waverly team.”
A Closer Look at Waverly Advisors
Waverly Advisors, established in 1999 and headquartered in Birmingham, Alabama, is a fee-only federally registered investment adviser. It caters to a diverse clientele, including high-net-worth individuals and families, corporate retirement plans, endowments, and institutions. Currently managing approximately $14.4 billion in assets, Waverly offers a comprehensive range of investment management and wealth planning services. Its extensive network spans 25 offices across the U.S., supported by a dedicated team of over 200 professionals equipped with industry-recognized credentials.
Community Impact and Client Commitment
Part of Waverly's mission extends beyond mere financial management; the company strives to create meaningful relationships with clients while providing personalized solutions that cater to individual wealth planning needs. The recent acquisition of 9258 Wealth Management emphasizes this commitment, promising enhanced opportunities and service offerings for both existing and new clients. It is this community-centric approach that continues to drive Waverly's success in the competitive financial advisory landscape.
Frequently Asked Questions
What prompted Waverly Advisors to acquire 9258 Wealth Management?
The acquisition aims to expand Waverly's footprint, increasing its market reach and service offerings while enhancing resources for existing clients.
How will this acquisition benefit clients of both firms?
Clients can expect improved service offerings, more investment options, and increased access to financial resources and expertise.
Who is Walt Lunsford in the context of 9258 Wealth Management?
Walt Lunsford is the founder of 9258 Wealth Management and will join Waverly Advisors as a Partner, Wealth Advisor, and Regional Director.
What has been Waverly's acquisition strategy in recent years?
Waverly has pursued a growth strategy through multiple acquisitions, having completed 17 transactions since late 2021, evidencing strong M&A momentum.
How does Waverly Advisors support its diverse client base?
Waverly Advisors provides tailored financial planning, investment management, tax, and estate planning services aimed at meeting individual needs and goals.
