Savant Wealth Management, a leading registered investment advisor overseeing approximately $21 billion in assets, has recently acquired Bridgeworth Wealth Management. Based in Birmingham, Ala., Bridgeworth manages $2.2 billion in client assets.
Strengthening Strategic Plans
DeLynn Zell, Bridgeworth’s co-founder and CEO, expressed excitement about the acquisition, stating that it aligns perfectly with their strategic plan. Zell believes that Savant’s extensive resources will empower their team of advisors to provide clients with highly specialized services.
“Our goal is to offer clients cutting-edge, user-friendly technology and to expand our services, including family office resources and tax preparation services,” says Zell. “Savant fulfills all of these requirements and more.”
Enhanced Offerings for Advisors and Clients
By joining forces with Savant, Bridgeworth advisors and their clients will gain access to a wider range of offerings, including estate-planning services and a broader selection of alternative investments.
Bridgeworth currently employs 58 professionals, including several broker-dealer representatives and insurance agents, as indicated by its most recent Form ADV regulatory filing. Notably, the firm boasts one of the largest teams of Certified Financial Planners (CFPs) in the Birmingham area. Alongside financial planning services, Bridgeworth also provides portfolio management and pension-consulting services.
As this exciting merger between Savant Wealth Management and Bridgeworth Wealth Management takes place, clients can anticipate even greater expertise, resources, and specialized services from their trusted advisors.
Bridgeworth Acquisition Expands Savant’s Presence in the Southeastern Region
Savant, a leading wealth management firm backed by private-equity firm Kelso & Co., has announced its eighth and second-largest acquisition of the year. In a deal expected to close before the end of the year, Savant will acquire Bridgeworth, a prominent advisory firm based in Birmingham, Alabama.
Bridgeworth not only serves nearly 2,000 nonhigh-net-worth retail clients and just under 1,110 high-net-worth individuals, but also works with businesses, retirement plans, and charities. With this acquisition, Savant will be securing its first foothold in Alabama, adding an office in Huntsville to its growing network.
This move is part of Savant’s ongoing strategy to expand its presence in the mid-Atlantic and Southeastern regions. Headquartered in Rockford, Illinois, Savant will soon operate a total of 37 offices in 14 states across the nation.
Brent Brodeski, CEO and founder of Savant, highlights the shared values and fiduciary care that both firms prioritize. He believes that the alignment in culture will greatly benefit both teams and ultimately deliver superior service to their clients.
The Bridgeworth acquisition is a significant milestone for Savant as it continues on its path of growth and expansion. With a commitment to the fiduciary advice model, Savant aims to provide exceptional wealth management services to a broader range of individuals and organizations.