Kansas-based RIA Creative Planning has expanded its national footprint by taking over Muncie, Indiana-peer Miller Financial Management.
The deal, whose financial terms were not revealed, adds around $150m in AUM to Creative Planning.
Go deeper with GlobalData
Creative Planning CEO Peter Mallouk said that the acquired business echoes its “financial planning-led approach to investment management”.
Mallouk stated: “Creative Planning has a presence in Indiana, and with Miller Financial joining the team, we begin to set the stage to further expand in the region.
“Our goal is to become the number one choice for individuals seeking independent wealth management in Indiana and throughout the country.”
The latest deal comes close on the heels of Creative Planning’s purchase of $600m Ohio-based RIA Lenox Wealth Management.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataEarlier this year, the firm acquired Thun Financial Advisors, Starfire Investment Advisers, and Coe Financial Services.
Miller partner Andrew Miller said: “We built our practice over the past 18 years by always striving to put client interests first. As we looked forward to the future for Miller Financial Management and our clients, it became clear that we needed to partner with a firm that would help us provide continuity of service to our clients.
“We sought a firm that shared our vision for a client experience centred around financial planning and fiduciary values and we think Creative Planning shares our vision for that client experience.”
Creative Planning oversees assets of more than $50bn across all 50 US states.
The firm offers a range of services including retirement planning, estate planning, trust services, tax advice and family office services for individuals along with 401(k) and institutional money management.
