On June 5, 2024, Constellation Wealth Capital announced that it has taken a minority stake in Avior Wealth Management.
Constellation Wealth Capital (“Constellation”) announced on June 5, 2024, that it acquired a minority stake in Avior Wealth Management (“Avior”). The transaction closed on May 30, 2024. Further terms of the transaction were not disclosed.
Constellation, based in Chicago, is a registered investment advisor (“RIA”) specializing in making minority investments in established RIAs with billions in assets under management. As of March 2024, Constellation had approximately $549.7 million in assets under management.
Avior, based in Omaha, Nebraska, is an independent wealth management, financial planning, tax, and accounting firm. As of June 2024, Avior had $4.1 billion in assets under management. Park Sutton Advisors served as the exclusive financial advisor to Avior on the transaction.
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