On July 6, 2022, it was announced that WA Asset Management acquired BT Wealth Management, LLC.
Under the terms of the transaction, which closed on June 30, 2022, WA Asset Management (“WAAM”) acquired BT Wealth Management, LLC (“BTWM”). As part of the deal, BTWM’s entire team joined WAAM with Scott Craig joining as Regional Director, Clay McDaniel joining as Chief Investment Officer of Private Markets, and Justin Snell joining as Chief Operating Officer. Further terms of the deal were not disclosed.
WAAM, headquartered in Birmingham, Alabama, is a registered investment advisor offering services to corporate retirement plans, high-net-worth individuals and families, trusts, endowments and institutions. WAAM has approximately $4.3 billion in assets under management as of May 31, 2022.
BTWM, based in Atlanta, Georgia, is a wealth management firm with approximately $1 billion in assets under management.
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