The Glowacki Group, a Los Angeles-based wealth manager, has agreed to merge with Aspiriant, a wealth management firm with more than $9bn of assets under management.
Established by Michael Glowacki in 1998, The Glowacki Group manages $360mn in assets for 75 clients, offering HNW clients with investment management, financial planning and family office services.
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Under the agreement, Michael Glowacki will become an owner/principal of Aspiriant, and the Glowacki Group will move into Aspiriant Los Angeles office this spring. Financial terms of the deal were not disclosed.
The Glowacki Group will be the second Southern California wealth management firm to join Aspiriant, following San Diego’s Hokanson Associates merger at the end of 2015.
Aspiriant operates nine offices across the country serving over 1,300 client families.
Aspiriant CEO Rob Francais said: "Michael Glowacki’s talent and decades of experience will be an asset for Aspiriant, in addition to the new capability he brings to the firm as a Certified Professional Coach."
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By GlobalData"By joining Aspiriant, owners expand the career opportunities for their employees as part of a national firm and ensure the continuity of services for their clients for generations to come."
Glowacki said: "As part of Aspiriant, we are able to enhance our services to clients with a greater depth of investment and financial planning resources, as well as provide access to dedicated specialists with deep expertise in areas such as taxes, estate planning and philanthropy."
