Waverly Acquires Heartwood
Waverly Advisors (“Waverly”) announced, on September 29, 2026, that it acquired Heartwood Wealth Advisors (“Heartwood”). Under the terms of the transaction, Heartwood’s team of nine professionals, led by Steve Clarke, Sid Martin, Ben Gurley, and Wes Kaufman, will join Waverly. Further terms of the transaction were not disclosed.
Waverly, based in Birmingham, Alabama, is a registered investment advisor offering investment management, financial planning and wealth management services to high-net-worth individuals, families, corporate retirement plans and institutional clients. As of September 25, 2026, Waverly had approximately $36.5 billion in assets.
Heartwood, based in Richmond, Virginia, is a registered investment advisor and wealth management firm offering financial planning and wealth management services. As of September 22, 2026, Heartwood had approximately $1.7 billion in assets under management. Turkey Hill Management served as Heartwood’s advisor on the transaction.
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