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Exencial Wealth Advisors, an Oklahoma Metropolis-based registered funding advisor managing greater than $5 billion in belongings for round 4,600 shoppers, introduced its third acquisition since 2020
The addition of Weinheimer Wealth Administration in Austin, Texas, brings a workforce of 9 and round $500 million in managed belongings to Exencial. Beforehand providing recommendation and brokerage companies via Ameritas Advisory Companies, the agency, led by founder Matt Weinheimer, gives monetary planning, funding administration and tax companies alongside property, philanthropic, insurance coverage and authorized recommendation for rich people and enterprise house owners plotting their exit.
At Exencial, brokerage companies are supplied via PKS Investments.
With greater than 100 staff—rather less than half of whom are advisors—throughout eight states, Exencial gives monetary planning and portfolio administration, in addition to property, tax and retirement plan companies for a goal clientele consisting of enterprise house owners, executives and rich people present process main life occasions.
“Exencial is a agency that punches above its weight and might add most of the assets Weinheimer sought in a companion,” stated Dan Erichson, a managing director at Park Sutton Advisors, which labored with Weinheimer on the transaction.
“It’s noteworthy that Weinheimer determined to companion with a agency on the smaller aspect of the credible acquirers over the massive nationwide gamers,” he added. “There continues to be a various set of consumers within the RIA market.”
Along with North Carolina-based Willingdon Wealth Administration in 2020 and Shoreline Monetary Advisors in Connecticut early this yr, Exencial has now added about $1.52 billion via acquisitions because the agency seeks to broaden its geographic attain.
“We sit up for harnessing the strengths of each corporations to reinforce the monetary well-being of our shoppers in Austin and past,” stated Exencial CEO John Burns, citing “shared values and a long time of expertise.”
Texas is “a high space of curiosity for acquirers,” in response to Erichson, who famous that Park Sutton has labored on 11 offers within the state since 2019.
Minority backed by First United Financial institution and Belief since 2021, Exencial now has 12 satellite tv for pc places, together with 4 in Texas, three in Connecticut and one every in California, Florida, Pennsylvania, Ohio and North Carolina, along with its Oklahoma headquarters.
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