On October 24, 2023, Buckingham Strategic Wealth announced that it will acquire Briggs Advisory Group and LifePlan Financial Advisory Group.
Under the terms of the transactions, Buckingham Strategic Wealth (“Buckingham”) will acquire Briggs Advisory Group (“Briggs”) and LifePlan Financial Advisory Group (“LifePlan”). The deals are expected to close on December 1, 2023. Further terms of the deals were not disclosed.
Buckingham, based in St. Louis, Missouri, is a registered investment advisor that provides investment management services to individuals, families, nonprofits, and other organizations. As of September 2023, Buckingham had $63 billion in assets under management.
Briggs, based in Lincoln, Rhode Island, is an advisory firm which has been part of Buckingham’s outsourced investing platform, Buckingham Strategic Partners, since 2018. As of October 2023, Briggs had $450 million in assets under management.
LifePlan, based in Rochester Hills, Michigan, is a registered investment advisor specializing in wealth management, investment planning and financial planning for individuals, families, and business owners. As of November 2023, LifePlan had $157 million in assets under management.
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