Modern Wealth Acquires Petso Financial

INVESTMENT MANAGEMENT DEALS BLOG

November 27, 2024

On October 24, 2024, Modern Wealth Management announced its acquisition of Petso Financial Consultants, LLC.

Modern Wealth Management (“Modern Wealth”) announced, on October 24, 2024, its acquisition of Petso Financial Consultants, LLC (“Petso Financial”). As a part of the transaction, David Petso, founder of Petso Financial, will join Modern Wealth as managing director. Further terms of the deal were not disclosed.

Modern Wealth, based in Monterey, California, is a registered investment advisor that provides wealth, estate and tax planning. Modern Wealth had approximately $4.6 billion in assets under management.

Petso Financial, based in Boise, Idaho, is a fee-only registered investment advisor that provides wealth management and financial planning services. Petso Financial managed approximately $1.4 billion in assets under management.

To read the press release: please click here.

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