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February 1, 2022updated 02 Feb 2022 6:36am

Creative Planning continues buying spree with Paradigm deal

Independent wealth management firm Creative Planning has snapped up fee-only fiduciary RIA Paradigm Financial Advisors, which manages over $600m in assets.

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Financial terms of the transaction were not divulged.

Creative Planning will use Paradigm’s advanced planning capabilities to drive growth in the HNW segment.

It intends to set up a new “hub” in St. Louis to offer tax planning, tax preparation , and estate planning services for clients in the Midwest region.

Plans are on to hire more Attorneys and CPA’s in this regard.

Creative Planning CEO Peter Mallouk said: “We have admired Paradigm for many years because of their comprehensive wealth planning expertise and their commitment to serving their clients in a fiduciary capacity.  

“When we are looking at potential firms to partner with, we try to find firms that have a similar culture and have a skillset that can help us expand our wealth management capabilities for our clients.”

As part of the deal, Paradigm owner Jim Reding has become an equity partner at Creative Planning.

Reding, who calls Creative Planning a ‘perfect fit’ will become managing director of the St. Louis office. 

“Creative Planning has the same business model as we do, which includes a team of in-house Attorneys, CPA’s and Wealth Managers that work as a team to provide a much broader range of value added services for clients than other firms in the industry,” Reding stated.

Creative Planning offers trust services, tax planning, family office services, retirement planning, and estate planning services, among others.

The firm oversees more than $100bn in assets.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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