On April 8, 2025, Modern Wealth Management announced its acquisitions of Wade Financial Advisory and Planned Asset Management.
Modern Wealth Management (“Modern Wealth”) announced, on April 8, 2025, its acquisition of Wade Financial Advisory (“Wade”) and its agreement to acquire Planned Asset Management (“Planned Asset”). Modern Wealth structured both acquisitions as asset purchase agreements. The acquisition of Wade has been finalized, while the acquisition of Planned Asset is expected to close in the coming weeks. 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. After the finalization of these acquisitions, Modern Wealth will have approximately $7 billion in assets under management.
Wade, based in Campbell, California, is a fee-only registered investment advisor offering tax planning, equity compensation, investments, risk management, real estate, retirement and estate planning services. As of March 2025, Wade had approximately $672.93 million in assets under management.
Planned Asset, based in Calabasas, California, is an independent registered investment advisor offering comprehensive financial planning and investment management services. As of March 2025, Planned Asset had approximately $385.25 million in assets under management.
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