Savant Capital, a multi-state advisory firm manages nearly US$2.7 billion in assets, and the combination has become one of the top 50 largest Registered Investment Advisors (RIAs) in the industry.
The new entity will be headquartered in Rockford, Ill. with nine offices in three states (Illinois, Wisconsin and Virginia) and more than 90 employees will operate out of nine offices in three states.
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Further, the combination of the two firms will also allow each organization to utilize best practices by leveraging their combined intellectual capital, expanding service offerings, and creating long-term and continued success for clients.
The board of managers for Savant Capital, consists of Thomas Muldowney, chairman and principal; Brent Brodeski, CEO and principal; Richard Bennett, COO and principal; and Glenn Kautt, vice chairman and principal (previously president and chairman of The Monitor Group). Prior to the combination, Muldowney, Brodeski and Bennett were each principals at Savant Capital Management.
Both the organizations are members of the Zero Alpha Group (ZAG), an international network of independent investment advisory firms.
The strategic advantages to Savant will be due to the combining of The Monitor Group’s estate planning and tax preparation strengths with Savant Capital Management’s divisions, which serve investors who have US$50,000 or more in assets.
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By GlobalDataSavant Capital Management also has an institutional division which provides advisory services to 401(k) and company retirement plans, endowments, foundations, and private trusts.
