Waverly Acquires $155.7M Colorado RIA Mueller Financial

Waverly Advisors has acquired $155.7M Canon City, CO-based Mueller Financial Solutions, marking its second acquisition in the state and bringing its total assets under management to approximately $14.4B.

According to an October 30 press release, the firm was founded in 1992 by Jeffrey Mueller, who will join Waverly as a partner and wealth advisor, bringing his full team with him. According to its most recent Form ADV filing, at $80.5M, over half of Mueller’s total assets under management are from high-net-worth clients.

The acquisition is Waverly’s second in Colorado following its 2023 entry into the state with the purchase of Rainsberger Wealth Advisors and its 18th transaction since securing financial backing from Wealth Partners Capital Group and HGGC's Aspire Holdings platform in December 2021. It is also Waverly’s second deal in the month of October, as it earlier entered the Ohio market through the acquisition of $1B RIA 9258 Wealth Management.

Financial terms of the transaction, which closed on October 25, were not disclosed.

View the press release here.