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June 26, 2020

RubinBrown Advisors and Wealth Management Advisors merge operations

RubinBrown’s wholly-owned investment advisory affiliate RubinBrown Advisors has merged with Wealth Management Advisors (WMA).

The combination of the two Missouri-based firms was effective in May 2020.

The merged entity will operate under the RubinBrown Advisors brand with its office in Leawood, Kansas.

Founded in 1993, WMA is an RIA with a client base of over 300.

The firm oversees nearly $470m in assets under management (AUM).

The addition of WMA increases the AUM of RubinBrown Advisors to $1.7bn.

Wealth Management Advisors president Kevin McGrew said: “We have received multiple offers to join other firms over the years, but with RubinBrown Advisors, all of the boxes were checked.

“I have been a client of RubinBrown for many years. Our investment and client service philosophies match up and our team is able to stay together in the same location.”

Launched in 2002, RubinBrown Advisors offers an integrated suite of investment advisory and financial planning services.

RubinBrown Advisors managing director Tom Tesar said: “We are honoured and excited to have the opportunity to work with all of the team members of Wealth Management Advisors to continue to serve clients and grow in the Kansas City market.”

RubinBrown Chairman John Herber also welcomed the deal, calling the acquired business “a great cultural fit”.

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