The acquisition is a part of Exencial’s latest strategic development and expansion into the greater Dallas area.
Based in Plano, IAM has 200 households in 26 states with over US$190 million in total client assets. With this acquisition, the combined entity will now serve 726 households and oversee US$980 million in client assets.
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Clients from both firms, Exencial and IAM will be benefitted from this acquisition due to the new resources and complementary skill sets at their disposal.
Exencial operates a proactive investment committee with asset management processes and also specializes in corporate executive financial planning with an emphasis on employee stock ownership plans. Currently, Exencial serves clients from offices in Oklahoma City, Dallas, Plano and Old Lyme, CT.
Meanwhile, IAM offers growth and income portfolio management.
Commenting on the move, John Burns, co-CEO of Exencial said: "IAM’s culture of client service and focus on objective advice created the common basis for a meaningful partnership. We anticipate the opportunity to work with Rich, the IAM team and their clients as we continue to develop our depth and breadth of service."
