Modern Wealth Management today announced its acquisition of C&J Wealth Advisors, a Knoxville, Tenn., wealth management firm with $260 million in assets under management that provides financial planning, asset and risk management, and retirement planning services to more than 300 clients.

When its ninth acquisition in 14 months is completed, Modern Wealth, a Monterey, Calif.-based consolidator, will cross the $4 billion threshold and have a foothold in 12 states, the firm said. Modern Wealth launched in early 2023 with $200 million in equity financing from Crestview Partners to build a national RIA through acquisitions.

The latest deal, which is the firm's first in the South, will expand Modern Wealth's reach so that it now includes California, Indiana, Iowa, Kansas, Maryland, Michigan, Missouri, New Jersey, New York, Pennsylvania, and Virginia in addition to Tennessee.

C&J Wealth Advisors was founded in 1982 as an independent, fee-based advisory that specialized in a tax-focused approach to investment management as well as retirement income planning.

As part of the deal, the entire C&J team, led by certified financial planner Mark King, has been onboarded under the Modern Wealth brand, and King has become a Modern Wealth managing director. The firm will receive enhanced support in compliance, tech, HR and accounting in order to focus on client service, lead generation and client acquisition, the firm said.

“This acquisition marks a significant milestone in our national expansion, enabling us to seize opportunities in the rapidly growing Knoxville market,” said Jason Gordo, founder and president of Modern Wealth, in a release. “Aligned with our commitment to delivering comprehensive financial advice, the C&J Wealth Advisors team brings a highly capable group of advisors to help execute our mission.”