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November 15, 2021

Savant Wealth brokers deal to buy Filbrandt Wealth Management

By Verdict Staff

US-based registered investment adviser (RIA) Savant Wealth Management has agreed to Wisconsin-based RIA Filbrandt Wealth Management for an undisclosed amount.

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GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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The deal, which marks Savant’s largest acquisition to date, is expected to close at the end of this month.

Filbrandt provides financial planning services to university professionals in the US.

The Filbrandt Total Solution, the firm’s three-step process combines investment, retirement, and estate planning services to help clients meet their financial planning goals.

It manages approximately $1.8bn in assets under advisement.

Savant CEO Brent Brodeski said: “Our partnership with Filbrandt is the first since our most recent recapitalisation, and demonstrates Savant’s commitment to expand our comprehensive platform of integrated service offerings.

“With its unique value proposition, Filbrandt will help Savant propel our growth and further enhance the outstanding value and service we provide clients.”

Filbrandt co-founder Patricia Filbrandt said: “In searching for a partner to continue our legacy of service to the university community, we were impressed by Savant’s growth strategy and approach to M&A activity.

“But as we got to know the team, we also felt an immediate alignment with Savant’s culture. We look forward to working with Savant, and are pleased that our clients will have access to the firm’s deep bench and extended resources in the future.”

The latest deal marks the third acquisition this year, following its takeover of Michigan-based AMDG Financial, and Indiana-based Treybourne Wealth Planners.

In October this year, the firm secured strategic minority investment from Kelso & Company to continue the expansion of its integrated service offerings and accelerate its growth.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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