Savant Capital Management, an independent registered investment advisory (RIA) firm headquartered in Rockford, Ill., will acquire The Corcoran Group, a Bethesda, Md., based RIA firm at the end of September, Savant announced Monday.

The Corcoran Group primarily serves high- to ultra-high-net-worth, senior-level corporate executives for publicly traded and private equity companies. Phil Corcoran, The Corcoran Group president, and Joel Cundick, vice president, will join the advisory team in Savant’s McLean, Va., office. Corcoran will servie as managing director.

This acquisition increases Savant’s current assets under management to more than $4.5 billion. Savant has offices 11 locations in Illinois, Madison, Wis., and McLean, Va.

“This is an exciting day for Savant as we continue our commitment to growing and expanding our presence in the D.C. Metro area,” says Brent Brodeski, CEO of Savant Capital Management.