On April 25, 2023, Modern Wealth Management announced that it is acquiring Barber Financial Group, Osiwala Financial Group, and Financial Security.
Modern Wealth Management (“Modern Wealth”) announced that it is acquiring Barber Financial Group (“Barber Financial”), Osiwala Financial Group (“Osiwala Financial”), and Financial Security for $1.5 billion. Barber Financial, Osiwala Financial and Financial Security collectively have over $1.5 billion in assets under management. All three entities will operate under Modern Wealth branding moving forward. Further deal terms were not disclosed.
Modern Wealth, based in Tucson, Arizona, is a registered investment advisor that provides wealth, estate and tax planning. Alaris Acquisitions acted as the exclusive financial advisor to Modern Wealth on the transaction.
Barber Financial, based in Lenexa, Kansas is a registered investment advisor that caters to those already retired. Alaris Acquisitions acted as the exclusive financial advisor to Barber Financial on the transaction.
Osiwala Financial, based in Troy, Michigan is a registered investment advisor focused on individuals near-retirement. Alaris Acquisitions acted as the exclusive financial advisor to Osiwala Financial on the transaction.
Financial Security, based in Summit, Missouri, is a financial advisory services firm that focuses on estate and retirement planning. Alaris Acquisitions acted as the exclusive financial advisor to Financial Security on the transaction.
To read the press release: please click here.