Waverly Advisors Provides $1.5B StrategIQ Monetary Group

Waverly Advisors, a Birmingham, Ala.-based RIA, introduced on Wednesday that it has accomplished the acquisition of StrategIQ Monetary Group’s funding advisory enterprise. The acquisition will increase Waverly’s property underneath administration by $1.5 billion.

StrategIQ, headquartered in Merrillville, Ind., has workplaces in Northwest and Central Indiana, in addition to the higher Chicago space, in keeping with the announcement. The agency was based in 1996 by CEO Chad Hassinger and three different advisor companions.

“From the beginning, we got down to create a brand new form of wealth administration agency: an impartial group that delivers personalised and holistic monetary planning and funding recommendation to assist our purchasers obtain their monetary targets, offering the liberty to stay out their goals and aspirations,” stated Hassinger in launched feedback. “To assist develop our group, acquire entry to new markets, and develop on the wealth of companies we offer, we wished a companion that shares our values and we discovered that in Waverly.”

Now, StrategIQ will convey a staff of greater than 20 advisors, shopper service associates, funding analysts and operations workers to Wavverly Advisors.

Waverly stated that that is its eleventh and largest acquisition because the agency initiated an M&A method in 2021. In December of that yr, Waverly accepted an fairness funding from Wealth Partnersr Capital Group and HGGC’s Aspire Holdings.

“When Waverly began exploring acquisitions, our imaginative and prescient was to do M&A in a different way,” stated Josh Reidinger, CEO of Waverly, in launched feedback. “Waverly’s want is to construct a world-class, cohesive, and built-in agency, totally targeted on its tradition and its purchasers. The StrategIQ staff aligns with that imaginative and prescient, and we’re thrilled to have them be part of the Waverly household.”

Waverly now has $9.8 billion in complete AUM. 

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