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April 13, 2020

Creative Planning boosts presence in Kansas with Coe Financial Services acquisition

Wealth management firm Creative Planning has acquired Coe Financial Services (CFS) for an undisclosed sum to enter the Wichita, Kansas market.

CFS is a registered investment adviser (RIA) with approximately $126m in assets under management (AUM).

The company offers financial planning and investment management solutions to its clients.

Creative Planning CEO Peter Mallouk said: “Richard Coe has dedicated nearly four decades of his professional career building an independent wealth management firm serving clients in the Wichita area and beyond.

“He has built a high touch, planning oriented practice that fits in well with the Creative Planning approach.”

Mallouk added: “Richard and his team have built a practice dedicated to serving each client in a consultative fashion that has enabled them to provide custom solutions.”

Creative Planning is an independent wealth management firm which manages nearly $45bn in assets across 50 US states.

It offers retirement planning, estate planning, trust services, tax advice and family office services for individuals as well as 401(k) and institutional money management.

CFS managing principal Richard Coe said: “It has been a tremendous privilege to serve our wonderful clients.

“I am delighted that our clients will now have the benefits of Creative Planning’s distinguished approach to both planning and investment management out of their new Wichita office.”

Creative Planning 2019 acquisitions

In December, Creative Planning announced plans to acquire Hogan Financial, a Wisconsin-based RIA company.

In November, Creative Planning acquired OptiFour, a Virginia-based peer with more than $400m in assets under management, for an undisclosed sum.

In February, Creative Planning snapped up Minnesota-based The Johnston Group (TJG), adding over $500m in assets to its books.

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