On July 23, 2024, Credent Wealth Management announced that it had received a strategic investment from Crestline Investors.
Credent Wealth Management (“Credent”) announced on July 23, 2024, that it had received a strategic investment from Crestline Investors (“Crestline”). Crestline’s investment will be used to fund additional M&A, invest in human capital to support expansion, and to further develop the Credent Advisor Solutions platform, which allows advisors to run their own firm with additional support from the Credent shared services team or to join Credent’s RIA as an independent advisor. Further terms of the transaction were not disclosed.
Credent, based in Auburn, Indiana, is a fee-only registered investment advisor specializing in financial planning and investments. As of April 2024, Credent had $2.5 billion in assets under management. ECHELON Partners served as Credent’s exclusive financial advisor on the transaction.
Crestline, based in Fort Worth, Texas, is an alternative investment management firm. As of December 2023, Crestline had $18 billion in assets under management.
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