Savant Wealth Management, a registered investment advisor in Rockford, Ill., has agreed to acquire Treybourne Wealth Planners with $321 million in client assets, the companies recently announced.
Treybourne Wealth, headquartered in Greenwood, Ind., offers customized financial services in wealth and investment management, retirement and tax planning nationwide. Under terms of the mergers-and-acquisitions agreement, founding principals Martin Armbruster and Stephanie Willison will join Savant’s group of member owners.
“We have been working for several years to identify the best possible business succession plan,” Armbruster said in the news release, “one that would allow us to provide the highest and best level of service to our clients and provide amazing opportunity for our team. Once we started working with the team at Savant, we knew we had found the best partner to meet all our needs.”
Less than two months prior to announcing its M&A deal with Treybourne Wealth, Savant closed on a deal to acquire Michigan-based AMDG Financial and AMDG Business Advisor Services. According to a news release, the company plans to continue identifying potential RIA partners with strong talent and complementary areas of expertise that align with Savant’s corporate philosophy and cultural fit.
“First and foremost, Savant’s growth strategy is based on partnerships that will make us and the industry better,” Savant CEO Brent Brodeski saif in the news release. “The overall goal is to ensure we continue to enhance the service offerings we provide to clients.”
Financial details of Savant’s transaction with Treybourne Wealth were not disclosed, but the definitive purchase agreement is expected to close at the end of the month.
Savant Wealth Management, formerly known as Savant Capital Management, has more than $11 billion in assets under management and assets under advisement.