Waverly expands into Ohio with 25 locations nationwide
BIRMINGHAM, Ala. — October 22, 2024 — Waverly Advisors, LLC (“Waverly”), a federally registered investment adviser (“RIA”) that specializes in investment management, financial planning and wealth management solutions for a diverse group of high-net-worth individuals, corporate retirement plans and institutional clients, has acquired 9258 Wealth Management, LLC (“9258”), an investment advisory firm and tax preparation and planning business headquartered in Cincinnati, Ohio. The partnership adds three Ohio-based office locations to Waverly’s growing footprint and $1 billion dollars in assets under management (“AUM”).
Walt Lunsford founded 9258 in 2017 and prior to that, spent 13 years as a Managing Director and Senior Vice President at a multinational financial services company. He is the President and sole owner of the firm and brings a team of 24 professionals to Waverly. Walt will serve as a Partner, Wealth Advisor and Regional Director at Waverly.
“Partnering with 9258 brings a wealth of benefits to both firms,” said Justin Russell, President of Waverly. “Not only do we expand our reach into another new market, but we acquire new lines of service and expertise, while providing greater resources and infrastructure to 9258’s existing clients.”
“Our firm has grown significantly since its founding,” said Walt. “Joining Waverly provides our people with more opportunities, and our clients with expanded service offerings and new investment options.”
The acquisition of 9258 marks Waverly’s 17th transaction since accepting an equity investment in December 2021 from Wealth Partners Capital Group (“WPCG”) and HGGC’s Aspire Holdings platform. The transaction closed on October 18, 2024, and increases Waverly’s AUM to approximately $14.4 billion.
“This partnership marks Waverly’s seventh transaction of 2024, while the firm’s M&A momentum continues to build,” said Nick Trepp, WPCG Principal. “9258’s achievements stem from their dedication to excellent client service and delivery of high-quality solutions. We look forward to their future success as part of the Waverly team.”
Financial and legal terms of the deal will not be disclosed.
About Waverly
Waverly Advisors, LLC (“Waverly”) is a fee-only federally registered investment adviser that serves the investment management and wealth planning needs of a diverse group of clients, including high-net-worth individuals and families, corporate retirement plans, trusts, endowments, and institutions. Waverly manages approximately $14.4 billion in assets (as of 10.18.2024) and offers collaborative investment, tax, estate, and financial planning services. Founded in 1999 in Birmingham, Alabama, the company has 25 offices across the U.S. and a team of over 200 professionals who hold many of the industry’s most prestigious credentials. For more information, please visit www.waassetstg.wpengine.com.
About Wealth Partners Capital Group
Wealth Partners Capital Group (“WPCG”) is a financial services holding company, which invests in and partners with select leading wealth management firms. WPCG assists its partner firms by identifying and integrating like-minded wealth advisers who seek access to expanded business capabilities, strategic growth and/or customized transition solutions. For more information, please visit www.wealthpcg.com.
About HGGC
HGGC is a values-driven, partnership-focused private investment firm. The firm’s ecosystem of investors, operators, and professionals are united by the shared mission to develop leading enterprises and build long term value together. HGGC invests in technology, business services, financial services and consumer enterprises generally valued between $200M – $1.5B+. The firm is based in Palo Alto, CA and manages over $6.9 billion in cumulative capital commitments. Since its inception in 2007, HGGC has completed more than 600 platform investments, add-on acquisitions, recapitalizations, and liquidity events with an aggregate transaction value of over $71 billion. HGGC makes investments in RIAs via its Aspire Holdings platform, which is targeting $300 million of total investment in the space. For more information, including a complete list of current and former investments, please visit www.hggc.com.
Contact:
Robyn Schubart for Waverly Advisors
Marketing Manager
Email: [email protected]
Website: www.waassetstg.wpengine.com
