Savant Wealth Expands Into Rhode Island With $1.15B Corrigan
Savant Wealth Management, a $29.6 billion registered investment advisor based in Rockford, Ill., has expanded into Rhode Island by acquiring Corrigan Financial’s 25-person team and $1.15 billion in assets under management.
The deal is serial acquirer Savant’s first of 2025, bringing its national presence to 44 offices in 19 states.
Corrigan is a fee-only RIA started by founder Daniel Corrigan in 1989. It provides financial planning, investment management, corporate pension plan advisement and taxes and estates. It also prepares income tax returns for more than 1,000 families, and its tax services will become part of Savant’s tax and consulting business.
“It’s important to note that the majority of Corrigan’s financial planners hold the CPA license, given the importance of integrating tax planning into clients’ financial plans and the current nationwide shortage of CPAs,” Savant founder and CEO Brent Brodeski said in a statement.
Through the deal, Corrigan and 15 shareholders of Corrigan Financial will become member-owners of Savant. Private equity firm Kelso has a minority stake in Savant, and employees own about 65%.
Mariner Acquires Ohio-Based Hyre Personal Wealth
Mariner Wealth Advisors has expanded its presence in Ohio to eight offices and 2,600 clients by acquiring Hyre Personal Wealth, formerly affiliated with Raymond James.
Mariner, the $555 billion mega-RIA based in Overland Park, Kan., has brought on Hyre’s three advisors, two support staff and about $325 million in AUM in Columbus, Ohio. Hyre took on the Mariner brand name on May 1.
The RIA, founded in 2005 by Jim Hyre, offers financial, estate, tax planning and charitable giving advice. It provides clients with what it calls a “True Wealth” strategy that integrates financial planning with values and life goals.
Neuberger Berman Capital Solutions and Leonard Green & Partners both hold stakes in Mariner.
Cetera’s TRPG Adds Three Advisor Teams With $180M
Cetera’s wholly-owned RIA group, The Retirement Planning Group, has increased its presence in New York, California and Washington state by acquiring three practices with a combined $180 million in AUM.
The new additions include:
Binghamton, N.Y.-based Hawkes Wealth Management, which was founded in 1981 and led by President Peyton Hawkes. The firm was formerly affiliated with Compound Planning.
San Ramon, Calif.-based Wealtheon Advisors, which is led by husband and wife Jay and Valli Doraiswami.
Financial Research, a Seattle-based firm previously led by Jay Cowles, whose book of business will be moved to an existing TRPG advisor not named in the announcement.
TRPG, which Cetera acquired in 2023, has over 2,000 clients and oversees $2.63 billion in AUM. It is headquartered in Leawood, Kan.; Cetera is based in San Diego, Calif.
LPL Poaches Barlow Capital from Raymond James
LPL Financial has snagged a former Raymond James advisor who reported serving about $250 million in advisory, brokerage and retirement plan assets.
R. Brennan Barlow of Barlow Capital Advisors joins LPL after about a decade in the industry. He is a second-generation advisor based in Flower Mound, Texas, and will be joined by his wife, Amanda, a client service associate, and another client service staff member.
According to an announcement, Barlow left for LPL for “more autonomy and the flexibility to run and grow his business.”
San Diego-based LPL has the most advisors of any independent broker/dealer in the country, with nearly 29,000 nationally.