Smith Anglin Financial LLC, a Dallas-based RIA, has acquired Rhoads Lucca Capital Management, which specializes in investment and retirement planning for commercial airline pilots, Smith Anglin announced Wednesday.
Smith Anglin has $357 million in AUM and Rhoads, also based in Dallas, has $143 million. The terms of the acquisition were not released.
The acquisition is part of succession planning for Rhoads Lucca, where John Rhoads, founder and partner, is expected to retire in the near future.
Rhoads Lucca handles active and retired pilots from Southwest, United, Delta, US Airways/American, and FedEx, among others.
The acquisition was handled by mergers and acquisition advisor David Selig, CEO of Advice Dynamics Partners.