Savant Wealth Management, a Rockford, Ill.-based RIA, announced that it has acquired $286 million AUM SFG Investment Advisors.
The deal closed on yesterday. No further details of the terms of the transaction were released.
Based in Doylestown, Pa., SFG brings to Savant six employees and a specialization in working with senior executives at publicly traded companies. Chuck Steege, SFG president, and Matthew Witter, SFG senior vice president, will join Savant as member-owners.
According to comments from Steege, SFG was looking for an acquirer that offered the resources of a large RIA with a commitment to financial planning.
“Our strategy for exponential growth involves seeking talented partner firms with a desire to grow, expand their services to clients, and add value to our firm,” said Brent R. Brodeski, founder and CEO of Savant, in released comments. “SFG Investment Advisors has a unique niche, managing the personal wealth of Fortune 500 executives at the top of their professions. We are pleased to add this team to our deep bench of specialists who already serve executives and professionals with wealth, estate, and tax planning.”
SFG’s Doylestown offices will become Savant’s 25th office location, according to the announcement.
SFG becomes Savant’s fourth acquisition of 2022, preceeded by Alliant Wealth Advisors in a deal closing June 30, Iowa-based World Trend Financial and Terry Lockridge & Dunn, both in a deal closing Sept. 30. All-told, Savant has added $1 billion in assets thus far in 2022.