The combined firm will be called Savant Capital, LLC, and will manage more than US$2.7 Billion in assets.
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The firm, which will be headquartered in Rockford, Illinois, will have 10 offices in states of Illinois, Wisconsin, Virginia and Florida.
The board of managers will consist of Thomas Muldowney, Savant Capital Management’s chairman and principal; Glenn Kautt, the president and chairman of The Monitor Group; Brent Brodeski, the CEO and Principal of Savant Capital Management; and Richard Bennett, Savant Capital Management’s principal and COO.
Both organizations are members of the Zero Alpha Group (ZAG), an international network of independent investment advisory firms.
"We have known each other for several years and have had ongoing mutual respect for each other," said Thomas Muldowney, chairman of Savant Capital Management. "Each firm has successfully grown organically – one client at a time – during the course of the past several years; joining forces provides a new avenue for growth for both organizations, and we will continue to keep our strategic growth options open."
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By GlobalDataCommenting on the move, Savant Capital Management CEO Brent Brodeski said in combining forces they are focusing on continuous enhancement of the experience of three groups of constituents: their clients, their teams and their communities.
"This is a continuity model that will continue to provide exceptional advice for clients for generations to come," he added.
The firms expect to finalize details of the integration this summer.
