Buckingham to Acquire Lumia

INVESTMENT MANAGEMENT DEALS BLOG

March 11, 2022

On March 2, 2022, Buckingham Strategic Wealth announced that it will acquire Lumia Wealth, LLC.

Under the terms of the transaction, Buckingham Strategic Wealth (“Buckingham”) will acquire Lumia Wealth, LLC (“Lumia”). The transaction, subject to customary closing conditions, is expected to close in the second quarter of 2022. Further terms of the deal were not disclosed.

Buckingham, based in St. Louis, Missouri, is a Focus Financial Partner Inc.-backed registered investment advisor that offers financial planning services to individuals, families, businesses, trusts, nonprofits, retirement plans and medical practice owners. As of September 30, 2020, Buckingham had more than $21 billion in regulatory assets under management

Lumia, based Overland Park, Kansas, is a fiduciary firm offering wealth advisory services to professionals, business owners and physicians in the greater Kansas City area.

To read the press release: please click here.