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July 15, 2020

Creative Planning adds around $600m with new acquisition

Kansas-based RIA Creative Planning has acquired Wisconsin-based peer Thun Financial Advisors, which manages nearly $600m in assets.

Financial details of the transaction have not been made public.

Founded in 2006, Thun Financial offers a full suite of financial planning and investment management services to its clients.

Thun Financial president David Kuenzi said: “I and the Thun Financial Team are very excited to join Creative Planning to work together to bring integrated investing and financial planning to investors around the world.

“Combining Thun Financial’s unique international expertise with Creative Planning’s depth and market reach will allow us to deliver best in class wealth management services to underserved and neglected investors who live and work across borders and around the globe.”

Founded in 1983, Creative Planning manages nearly $49bn in assets across all 50 US states.

The company offers retirement planning, estate planning, trust services, tax advice and family office services.

Recently, the company snapped up $530m Michigan RIA Starfire Investment Advisers.

Last month, Creative Planning acquired Sunrise Advisors, a $700m RIA.

Creative Planning CEO Peter Mallouk said: “Creative Planning has been working on a solution for our clients that work and live overseas and for those that live overseas and find us via books, podcasts and other means.

“Thun Financial Advisors has been delivering these services for years and greatly strengthens our ability to serve this segment of our client base.”

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