MONTEREY, Calif.--(BUSINESS WIRE)--Modern Wealth Management (“Modern Wealth”), a registered investment advisory (RIA) firm founded to meet the evolving needs of today’s financial professionals and their clients, today announced the strategic acquisition of Knoxville, Tennessee-based C&J Wealth Advisors (“C&J Wealth”), a wealth management firm providing financial planning, asset and risk management and retirement planning services. This acquisition serves as Modern Wealth’s ninth transaction since its inception, propelling the firm’s assets under management (AUM) to over $4 billion.
Founded in 1982, C&J Wealth Advisors is an independent, fee-based wealth management firm that specializes in a tax-focused approach to saving and investment management, as well as retirement income planning services. Managing over $260 million in assets, C&J Wealth Advisors serves over 300 clients in the Knoxville and Oak Ridge areas. As a part of the transaction, C&J Wealth Advisors has fully adopted the Modern Wealth brand and the firm has onboarded C&J Wealth’s entire team of financial professionals.
“Joining Modern Wealth and gaining access to its client service platform enables us to enhance our financial planning offerings while delegating business operations, thus allowing us to serve more families,” said Mark King, CFP®, who joins Modern Wealth as a Managing Director. “By leveraging Modern Wealth’s extensive team of financial experts and its versatile investment platform, we hope to significantly enhance our clients’ financial well-being.”
As part of the Modern Wealth ecosystem, C&J Wealth will now receive enhanced support in accounting, compliance, technology, human resources and more, freeing up capacity to better serve its clients. To develop and curate leads in the expanding Knoxville area, the firm will also utilize Modern Wealth’s ‘Organic Growth Hub,’ dedicated to creating expansion opportunities for advisors through innovative strategies in lead generation, distribution and client onboarding.
Working alongside Stephen Tuckwood, CFA®, Director of Investments at Modern Wealth, Scott Smith, CIMA®, will join the investment management team that oversees the design, construction and management of investment strategies. As part of the transaction, advisors coming from C&J Wealth gain access to Modern Wealth’s robust investment platform, which equips advisors with a breadth of investment resources to effectively manage client portfolios.
“This acquisition marks a significant milestone in our national expansion, enabling us to seize opportunities in the rapidly growing Knoxville market,” said Jason Gordo, Co-founder and President of Modern Wealth. “Aligned with our commitment to delivering comprehensive financial advice, the C&J Wealth Advisors team brings a highly capable group of advisors to help execute our mission.”
The acquisition of C&J Wealth marks the firm's initial expansion into the South, following the recent transactions of Wealth Management Solutions and Autumn Wind in the Eastern Region. Demonstrating a commitment to strategic growth, Modern Wealth has also augmented its Partnership Development team with the addition of Jacqueline Ferdowsi as Vice President. Ferdowsi will be responsible for establishing and executing the firm’s acquisition, partnership and corporate development strategy. Modern Wealth aims to continue its nationwide expansion with additional acquisitions planned through the end of the year.
For more information about Modern Wealth and its comprehensive wealth management services, please visit modwm.com.
About Modern Wealth Management
Modern Wealth Management is a registered investment adviser (RIA) reimagining the delivery of financial advice. Co-Founded by former United Capital executives Gary Roth, Mike Capelle and Jason Gordo, Modern Wealth was designed to anticipate the needs of Americans at every stage in life by providing a full suite of wealth management services carried out by a team of experts specializing in financial planning, tax planning and preparation, estate planning and more. Strategically acquiring high-growth RIAs across the country, Modern Wealth plans to establish regional offices in key locations spanning the United States. To learn more about Modern Wealth’s next generation platform and advice delivery model, please email info@modwm.com or visit modwm.com.
Registration with the U.S. Securities and Exchange Commission does not imply a certain level of skill or training. Past performance is not necessarily indicative of future results.
