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FUNDRAISING NEWS | October 17, 2024

Naviter Wealth Buys Back WAGN Minority Stake

Tags: RIA, Mergers / Acquisitions

Independent RIA firm Naviter Wealth has purchased back a minority stake from Wealth Advisor Growth Network (WAGN), which originally invested in Naviter to support its 2021 launch.

In an October 15 press release, Little Rock, AR-based Naviter said the deal would further expand its employee ownership, but business interests between the two firms will continue. Naviter CEO Bentley Blackmon will maintain majority ownership of the company, held since 2021 via various intermediate subsidiaries. 

Naviter launched in 2021 with investment and consultation backing from WAGN, and now manages over $1B in clients assets.

View the press release here.

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Written By: Dakota

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