On August 1, 2022, Clearstead Advisors, LLC announced an agreement to acquire Scott Snow (financial advisors) LLC.
Under the terms of the transaction, Clearstead Advisors, LLC (“Clearstead”) will acquire Scott Snow (financial advisors) LLC. Upon completion of the transaction, Scott Snow, the founder of Scott Snow (financial advisors) LLC, will join Clearstead as Senior Managing Director and Partner in the firm’s Private Wealth Management Group. Scott Snow (financial advisors) LLC will take the Clearstead name and maintain its current office in Westlake, Ohio. Further terms were not disclosed.
Clearstead, based in Cleveland, manages money for wealthy individuals and offers investment consulting and outsourced chief investment officer (OCIO) services for pension plans, 401(k) plans, endowments, and nonprofit organizations.
Scott Snow, based in Westlake, Ohio, is a wealth advisory firm with approximately $530 million in assets under management.
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