On February 23, 2023, Savant Wealth Management announced the acquisition of Capital Directions.
Under the terms of the agreement, Savant Wealth Management (“Savant”) will acquire all the assets of Capital Directions (“Capital”). The deal will see Savant add Capital’s entire team of 25 employees. Each member of Capital’s six-person ownership group will receive an equity stake in Savant. Further terms of the transaction have not been disclosed.
Savant, headquartered in Rockford, IL is a financial advisory firm that offers investment management, financial planning, and retirement services to both institutions and individuals. Savant has approximately $14 billion in assets under management as of December 31, 2022.
Capital, based in Atlanta, is a registered investment advisor serving both individual and corporate clients. Capital has approximately $3.3 billion in assets under management.
To read the press release: please click here.