Waverly Advisors, LLC (“Waverly”), a federally registered investment adviser (“RIA”) that specializes in investment management, financial planning and wealth management solutions for a diverse group of high-net-worth individuals, corporate retirement plans and institutional clients, has acquired CenterPoint Wealth Management (“CenterPoint”), an investment advisory business based in Zionsville, Indiana.
CenterPoint was founded in 2001 by Brian Brunner. His team serves a diverse group of clients with a wide spectrum of financial needs ranging from individual retirement portfolios to multi-million dollar family trusts. The entire CenterPoint team joins the Waverly family.
“This merger aligns well with our firm’s strategy of partnering with culture-focused RIAs,” said Justin Russell, President of Waverly. “While we continue to grow our presence in Indiana, we also gain expertise and experience from our new team members.”
“The team at Waverly is the reason we chose to partner with the firm,” said Brian Brunner, President of CenterPoint. “Our cultures fit very well, and we are excited to be able to provide additional resources and infrastructure to our clients, and align ourselves with a like-minded, client-centric group that prioritizes clients, family, and the community they serve.”
The acquisition of CenterPoint marks Waverly’s 16th transaction since accepting an equity investment in December 2021 from Wealth Partners Capital Group (“WPCG”) and HGGC’s Aspire Holdings platform. The transaction closed on September 27, 2024, and increases Waverly’s AUM to approximately $13.2 billion.
“It has been an exciting journey working with Waverly and assisting their growth,” said Mac Selverian, WPCG Principal. “Looking ahead we see even greater potential for the firm’s M&A strategy.”
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