Savant to Acquire AMDG Financial

July 14, 2021

On June 29, 2021, it was announced that Savant Wealth Management will acquire AMDG Financial and AMDG Business Advisory Services.

Under the terms of the transaction, Savant Wealth Management (“Savant”) will acquire AMDG Financial Services (“FAS”) and AMDG Business Advisory Services (“BAS”). FAS and BAS employees will join Savant. FAS’s and BAS’s five equity partners will join Savant as owners. Further terms of the deal were not disclosed.

AMDG FAS-BAS Holdings, based in Plymouth, Michigan, owns both FAS and BAS. FAS is a fee-only fiduciary registered investment advisor with approximately $250 million assets under management. BAS is a tax and accounting firm.

Savant, based in Rockford, Illinois, is a fee-only wealth management firm. It provides investment management, retirement planning and financial planning in addition to tax preparation and accounting services. Savant currently has approximately $10.5 billion in assets under management.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions