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 acquisition of the Lenexa, Kansas-based Fiser Group. Additionally, Modern Wealth revealed plans to finalize the acquisitions of Saginaw, Michigan-based Gardey Financial Advisors (“Gardey”) and Chapel Hill, North Carolina-based LFM Wealth Management (“LFM”) by year-end. These three acquisitions, structured as asset purchase agreements, represent over $500 million in expected additional assets under management (AUM), bringing Modern Wealth's total acquisitions to eight this year and 13 since its launch in April 2023.
“These three acquisitions all represent a unique aspect of Modern Wealth’s growth trajectory,” said Jason Gordo, Co-founder and President of Modern Wealth. “With Fiser Group, we enhance our tax expertise in an industry where top tax talent is waning. Gardey strengthens our presence in Michigan, while LFM establishes our footprint in the fast-growing North Carolina market. Now as a part of the Modern Wealth team, these firms will benefit from our extensive client service and growth resources, collaborate and share ideas with like-minded advisors, and contribute to a fast-growing organization.”
Led by Nathan Fiser, CFP® and Thomas Thornhill, CPA, Fiser Group is a hybrid tax, accounting and wealth management firm providing comprehensive tax planning, preparation and financial planning services to families, individuals and businesses. With this acquisition, Modern Wealth has further bolstered its tax management business by integrating a highly capable team of nine tax and financial professionals. Fiser Group will augment Modern Wealth's existing team in Lenexa, Kansas, which marked the firm's inaugural acquisition following its launch in April 2023.
Working closely with Modern Wealth’s Troy, Michigan-based office, Gardey is a fee-only wealth management firm that provides all-encompassing financial planning and investment management services to families, individuals and businesses. Founded in 1985 and led by Jonathan Gardey, CFA®, CFP®, Modern Wealth’s pending acquisition of Gardey strengthens its presence in the greater Detroit area and adds six experienced financial professionals to its growing team.
Modern Wealth is further solidifying its presence in the Southern region with the forthcoming acquisition of LFM, an independent, fee-only advisory firm led by Larry McManus. LFM provides personalized financial planning and investment management services to families, individuals and small businesses. Executing upon its national expansion strategy, Modern Wealth is establishing a new office in North Carolina and onboarding three financial professionals as a result of this acquisition.
Fiser Group, Gardey and LFM will benefit from Modern Wealth’s robust wealth management platform, affording them access to expanded client service offerings, including financial planning, tax planning and preparation, estate planning, investment management and more. The firms can also leverage Modern Wealth’s “Organic Growth Hub,” which provides comprehensive strategies for lead generation, distribution and client onboarding, as well as business support resources such as marketing, technology, compliance, human resources and operations. Following these acquisitions, Fiser Group, Gardey and LFM will adopt the Modern Wealth brand.
These transactions will increase Modern Wealth's footprint to 16 client-facing offices across 12 states, following the recent acquisition of $1.4 billion Boise, Idaho-based Petso Financial Consultants through an asset purchase arrangement. With a strategic focus on nationwide expansion, Modern Wealth expects to pursue additional acquisitions of high-growth firms in early 2025.
Industry veterans Allen Darby and Jacqueline Martinez of Alaris Acquisitions represented Gardey, while Derek Bruton of Gladstone Associates, LLC represented LFM.
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-quality 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.
