Modern Wealth Management announced the acquisition of three firms, adding a collective $500M in client assets and expanding its footprint to 16 offices across 12 states.
Modern Wealth said it has acquired Lenexa, KS-based Fiser Group, a hybrid firm offering comprehensive tax, accounting, and wealth management services. It is also finalizing the acquisitions of Saginaw, MI-based Gardey Financial Advisors and Chapel Hill, NC-based LFM Wealth Management by the end of the year, at which point all three firms will rebrand as Modern Wealth.
Acquiring Fiser Group helps Modern Wealth enhance its tax expertise while the purchase of Gardey and LFM will bolster the firm’s presence in Michigan and North Carolina. Fiser is led by Nathan Fiser and Thomas Thornhill, managing a team of nine tax and financial professionals. Gardey is led by Jonathan Gardey and includes a team of six financial professionals. LFM is led by Larry McManus and composed of a team of three financial professionals.
Allen Darby and Jacqueline Martinez of Alaris Acquisitions represented Gardey, while Derek Bruton of Gladstone Associates represented LFM.
The deals bring Modern Wealth’s tally for the year to eight and 13th since its April 2023 launch. They follow on the acquisition of $1.4B, Idaho-based Petso Financial Consultants, as reported by Dakota on October 24.
