Creative Planning Adds $900M Pennsylvania Firm

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Creative Planning’s latest acquisition is simply a Pennsylvania-based RIA that volition boost the company’s headcount by 19 employees and much than $900 cardinal successful assets nether management.

Marshall Financial Group is based successful Doylestown, Penn., with a past spanning 5 decades successful wealthiness absorption and fiscal planning. The steadfast offers integrated fiscal planning, focusing connected investments, currency flow, hazard management, arsenic good arsenic estate, acquisition and taxation planning, among different lawsuit needs.

After the steadfast was founded successful 1981, Marshall Financial Group transitioned to a fee-only fiscal readying and wealthiness absorption steadfast successful 2012 and became 100% employee-owned successful 2017. 

President and Senior Wealth Advisor Paula Nangle said the squad was “proud” to articulation Creative Planning, saying the firms shared “the aforesaid values, civilization and personalized attack to lawsuit service.” Nangle was antecedently featured on WealthManagement.com’s “The Healthy Advisor” podcast, detailing her vocation shift from the pharmaceutical manufacture to wealthiness management.

Mary Beth Gray with the instrumentality steadfast Kleinbard LLC was Marshall Financial’s ineligible counsel for the deal, portion DeVoe & Co. represented the steadfast during the acquisition.

Earlier this month, the Overland Park, Kansas-based Creative Planning acquired Burt Wealth, a North Bethesda, Md.-based RIA managing astir $1 cardinal successful lawsuit assets. It marked Creative Planning’s 15th acquisition successful a two-year period.

As of precocious September, Creative Planning and its affiliates had much than $390 cardinal successful combined AUM, with employees and clients successful each 50 states and 90 countries. Peter Mallouk is the firm’s superior owner, with number stakes held by backstage equity firms TPG Capital and General Atlantic.

Creative Planning is inactive moving connected integrating its acquisition of Sageview Advisory Group, which has $250 cardinal successful assets (though astir of these are successful program funds nether advisement). According to Creative Planning, the integration is connected way to beryllium done by the extremity of the year.