On April 28, 2026, Waverly Advisors announced that it acquired TruWealth Advisors.
Waverly Advisors (“Waverly”) announced, on April 28, 2026, that it acquired TruWealth Advisors (“TruWealth”). Under the terms of the transaction, the entire 31-person TruWealth team, including Founder, Chuck Simmons, and General Manager and Chief Operating Officer, Jim Parrie, will join Waverly. Simmons will join Waverly as Partner and Wealth Advisor and will continue to lead the Louisiana Offices. Parrie will join Waverly as Partner and Regional Director. Further terms of the transaction were not disclosed.
Waverly, based in Birmingham, Alabama, is a fee-only registered investment advisor specializing in investment management, financial planning and wealth management solutions for high-net-worth individuals, corporate retirement plans and institutional clients. As of April 24, 2026, Waverly had approximately $34.2 billion in assets under management.
TruWealth, based in Metairie, Louisiana, is a registered investment advisor and wealth management firm offering portfolio management and financial services. As of December 31, 2025, TruWealth had approximately $3.1 billion in assets under management.
To read the press release: please click here.