Clearstead Acquires $420M Chicagoland RIA Waveland Family Office

Clearstead Advisors announced that it has acquired the assets of Deerfield, IL-based Waveland Family Office, adding $420M to the firm’s assets under management, in a transaction that was closed on January 31.

Waveland Family Office was founded in 2023 and managed by partners Allen C. Berg and Dennis Zaslavsky. The firm offers investment advisory and family office services to high-net-worth clients in the suburban Chicago area.

Upon the acquisition, the six employees of Waveland will join Clearstead with Berg and Zaslavsky joining as equity partners. The firm will also rebrand and operate under the Clearstead name. This partnership reportedly brings Clearstead’s total assets under advisement to $47B including $22B in assets under management, 270 employees, and 12 offices.

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Written By: Dakota

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