On April 29, 2025, Modern Wealth Management announced its acquisition of OFM Wealth.
Modern Wealth Management (“Modern Wealth”) announced, on April 29, 2025, its acquisition of OFM Wealth (“OFM”). OFM joins Modern Wealth with a team of six professionals. Further terms of the transaction were not disclosed.
Modern Wealth, based in Monterey, California, is a registered investment advisor specializing in financial, estate and tax planning services. As of March 2025, Modern Wealth had approximately $6.14 billion in assets under management.
OFM, based in Orland Park, Illinois, is a fee-only independent registered investment advisor providing customized financial planning services to high-net-worth individuals and families. As of March 2025, OFM had approximately $310.53 million in assets under management. OFM was represented by DeVoe & Company in the transaction.
To read the press release: please click here.