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  • Seller
  • Buyer
  • Type
  • Date Announced
  • Seller AUM
  • Savant Capital Management
  • Private Capital Investors
  • Wealth Management Firms
  • October 3, 2016
  • $4.7 Billion

Seller Details

Savant Capital Management is a leading independent, nationally-recognized, fee-only firm, serving clients for 30 years with over $4.7 billion in assets under management. As a trusted advisor, Savant Capital Management offers investment management, financial planning and family office services to financially established individuals and institutions. Savant also offers corporate accounting, tax preparation, payroll and consulting through its affiliate, Savant Tax & Consulting. 

Savant is regularly recognized among the top wealth managers in the United States. Savant was the recipient of the 2015 Best-in-Business IMPACT Award™, part of Schwab’s IMPACT Awards® program to recognize excellence in the business of independent financial advice. Savant has consistently received other industry recognitions such as being named a top RIA firm by Financial Planning magazine (#9), Financial Advisor magazine and InvestmentNews and recently being recognized by Forbes as one of the Top 50 Advisors in the nation and in Barron’s magazine as one of the top 20 independent advisory firms in the United States.

Buyer Details

Private capital investors include The Cynosure Group (cynosuregroup.com), an asset manager and investment adviser to the Eccles family and other large family offices, three well-known single family offices: Vlasic Group, Bootstrap Capital, and Nonami, LLC (representing the Vlasic, DeBlasio and Cousins families respectively), a publicly-traded merchant bank (Kingsway Financial Services, Inc. NYSE: KFS), the retired CEO of Smith Barney and President of Morgan Stanley Smith Barney (Charlie Johnston), principals from two leading wealth management firms (Carson Group and Beaird Harris Wealth Management, Inc.) and 12 other private investors.

Transaction Summary

Savant Capital further expands its employee ownership group to 49 people. By increasing the employee-members from 17 to 49 Savant will maintain its independence as a wealth management firm and continue to carry out its vision, mission and core values that were built upon its clients’ best interests. According to Brent Brodeski, CEO and co-founder of Savant, “I am very excited about our new capital structure and ownership group.  With nearly 50 employee owners, we solidified Savant’s team to assure long-term continuity for our clients.  Employee ownership attracts, retains and incentivizes key employees.  In addition, the outside investors are providing Savant both capital and expertise to support our growth and assure we remain independent.” 
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