Merrillville-based StrategIQ Financial Group with $1.5 billion in assets under management acquired by Alabama firm

[ad_1]

Merrillville-based StrategIQ Financial Group, formerly Strategic Financial Group, has been acquired by an Alabama-based firm.

Birmingham, Alabama-based Waverly Advisors acquired the company for an undisclosed sum. StrategIQ was headquartered in Merrillville with offices in Oak Brook and the Indianapolis area. The investment advisory firm had about $1.5 billion in assets under management.

CEO Chad Hassinger and three other advisers founded the company in 1996 They built a company with more than 20 financial advisers, investment analysts, client service associations and operations team members.

“From the start, we set out to create a new kind of wealth management firm: an independent organization that delivers personalized and holistic financial planning and investment advice to help our clients achieve their financial goals, providing the freedom to live out their dreams and aspirations. To help grow our organization, gain access to new markets, and expand on the wealth of services we provide, we wanted a partner that shares our values and we found that in Waverly,” Hassinger said.

People are also reading…

Waverly Advisors launched a strategy of growing through mergers and acquisitions in 2021. StrategIQ Financial Group is its largest acquisition to date.

It gains a geographical footprint in Indiana and Illinois.

“When Waverly started exploring acquisitions, our vision was to do M&A differently,” said Josh Reidinger, CEO of Waverly. “Waverly’s desire is to build a world-class, cohesive, and integrated firm, fully focused on its culture and its clients. The StrategIQ team aligns with that vision, and we are thrilled to have them join the Waverly family.”

The company serves institutional clients, high-net-worth individuals and retirement plans.

Waterly now has about $9.8 billion in assets under management after the acquisition.

“Waverly’s partnership with StrategIQ represents a substantial milestone for the firm as it approaches the $10 billion dollar AUM threshold,” said Mac Selverian, WPCG Principal. “2023 has been a particularly successful year for Waverly, with seven acquisitions completed across seven states, and we start 2024 with this outstanding partnership.”

[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *