Savant Capital and Huber Financial to Merge

February 6, 2020

On January 8, 2020, Savant Capital Management and Huber Financial Advisors announced that they have entered into a merger agreement.

Pursuant to the agreement, Savant Capital Management (“Savant”) and Huber Financial Advisors (“Huber”) will merge. The new combined entity will continue under the name Savant Capital Management. The merger is expected to take place in the first quarter of 2020, with the name and branding integration to be finalized by March 31, 2020. Huber owners will transition their current equity to Savant and several Huber advisors will become Savant owners at the closing. Huber founder, David Huber will become a member of the board of directors of Savant, taking on an advisory role in that position. Additionally, current Huber president Rob Morrison will become a Savant executive team member, and Phil Huber, current chief investment officer of Huber, will become chief investment officer of Savant.

Savant is an independent, fee-only firm that is headquartered in Rockford, Illinois. Its clients are financially established individuals and institutions. It has more than $6 billion in assets under management.

Huber is an Illinois-based independent wealth management firm. It advises more than $1.6 billion in total client assets.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions