FUNDRAISING NEWS | November 12, 2024
Waverly Advisors announced the acquisition of $900M Dayton, OH-based Buckingham Advisors, its second deal in the state in the past month, in a move that increases its total client assets under management to approximately $15.5B.
The addition of Buckingham, which focuses on providing high-net-worth clients in the state with comprehensive tax and investment planning strategies, follows closely on Waverly’s October 22 acquisition of 9258 Wealth, which managed approximately $1B in client assets. Buckingham founder Jay Buckingham joins Waverly as regional director and is joined by his staff of 38 professionals.
The acquisition is the 19th by Birmingham, AL-based Waverly since accepting an equity investment from Wealth Partners Capital in December 2021. Financial terms and conditions of the deal, which closed November 8, were not disclosed.
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