On December 10, 2024, Modern Wealth Management announced its acquisition of Fiser Group and plans to acquire LFM Wealth Management and Gardey Financial Advisors.
Modern Wealth Management (“Modern Wealth”) announced, on December 10, 2024, its acquisition of Fiser Group (“Fiser”) and its plans to acquire LFM Wealth Management (“LFM”) and Gardey Financial Advisors (“Gardey”) by year-end. Fiser, LFM and Gardey will adopt the Modern Wealth brand upon each acquisition. Further terms of the transactions were not disclosed.
Modern Wealth, based in Monterey, California, is a registered investment advisor specializing in financial, estate and tax planning services. As of December 2024, Modern Wealth had approximately $6.5 billion in assets under management.
Fiser, based in Lenexa, Kansas, is a hybrid tax, accounting and wealth management firm providing tax planning, preparation and financial planning services to families, individuals and businesses.
LFM, based in Chapel Hill, North Carolina, is a fee-only advisory firm providing personalized financial planning and investment management services to families, individuals and small businesses. As of December 2024, Fiser and LFM together had approximately $272 million in assets under management.
Gardey, based in Saginaw, Michigan, is a fee-only wealth management firm that provides financial planning and investment management services to families, individuals and businesses. As of July 2024, Gardey had approximately $228.4 million in regulatory assets under management.
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