Modern Wealth Marks First Year in Business, Expands into the Washington, D.C. and Philadelphia Metro Areas
21 Mayo 2024 - 8:00AM
Business Wire
Completing its seventh and eighth acquisitions,
the firm surpasses $3.7 billion in assets under management and
strengthens its presence in the Eastern Region
Modern Wealth Management (“Modern Wealth”), a registered
investment advisory (RIA) firm founded to meet the evolving needs
of today’s financial professionals and their clients, today
announced the strategic acquisitions of Philadelphia-based
Wealth Management Solutions and Reston, VA-based Autumn
Wind Asset Management (“Autumn Wind”). These acquisitions
propel Modern Wealth’s assets under management (AUM) to over $3.7
billion and signify the firm’s seventh and eighth transactions
since its launch in April 2023.
“Our collective growth and success over the past year has
depended upon a careful evaluation of each new member to ensure
they are the right fit and share our values as a firm,” said
Jason Gordo, Co-founder and President of Modern
Wealth. “Wealth Management Solutions and Autumn Wind both stood
out as being completely aligned with our culture, business model
and dedication to exceptional client care.”
Founded in 2015 by Tanu Happonen, CFP®, ChFC®,
Wealth Management Solutions serves more than 350 individuals,
families and small businesses. The firm adds more than $400 million
in AUM to Modern Wealth and brings over a full suite of financial
planning solutions, encompassing tax planning, estate planning,
investment management and specialized private market investment
offerings.
“Modern Wealth emerged as a company with an entrepreneurial
spirit and a shared dedication to client service,” said
Happonen, who joins Modern Wealth as Managing Director. “We
are eager to tap into the extensive industry experience of the
executive team and the vast wealth management resources available
at Modern Wealth.”
Autumn Wind is a wealth management and multi-family office firm
founded in 2000 by Neal Falkenberry, CFA®, managing
more than $170 million in client assets. Dedicated to building and
preserving wealth, Autumn Wind offers specialized investment
management services tailored for large families with
multigenerational wealth.
“As the wealth management industry grows increasingly complex,
joining Modern Wealth marks our next step in evolving beyond just
an investment advisory firm. We’re looking forward to further
enhancing our financial planning services,” said Falkenberry,
who joins Modern Wealth as Managing Director. “By leveraging
the tax, financial and estate planning resources available on the
Modern Wealth platform, we are poised to streamline our processes
and scale our services to reach a wider array of clients.”
Backed by $200 million in equity financing from Crestview
Partners, Modern Wealth’s mission is to acquire high-quality
RIAs nationwide that subscribe to an ethos of continuous growth,
evolution and improvement for the benefit of their clients. The
firm is focused on building an integrated and holistic wealth
management platform and equipping advisors with growth-accelerating
client service resources, specialized planning experts and modern
technology.
Via strategic acquisitions, Modern Wealth has enriched its
holistic financial planning offering with tax planning and
preparation services, corporate retirement planning and more. The
firm employs a team approach to advice delivery, integrating
specialists such as risk managers, CFP® professionals, CFA®s, tax
planners and estate planners around each client’s unique needs.
Over the past year, Modern Wealth has grown its headcount to 110
employees. It also recently strengthened its executive team by
appointing Jason Del Col as Head of Advisory Services.
Following the acquisition of Beltz Ianni &
Associates, based in Rochester, New York, Wealth Management
Solutions and Autumn Wind have further solidified Modern Wealth's
presence in the Eastern Region. Through these transactions, Modern
Wealth is continuing to execute on its national expansion
initiatives as driven by the firm’s Partnership Development team
launched in August 2023.
Modern Wealth has also bolstered its national acquisition
strategy with organic growth initiatives as powered by the firm’s
‘Organic Growth Hub’. The ‘Hub’ provides firms in the Modern Wealth
ecosystem with comprehensive strategies around lead generation,
distribution and client onboarding, in addition to marketing,
technology, compliance and operational support. Wealth Management
Solutions and Autumn Wind have transitioned to the Modern Wealth
brand. The full team of both firms will join Modern Wealth.
These transactions were guided by the Alaris Acquisitions
Deal Advocacy process.
For more information about Modern Wealth and its comprehensive
wealth management services, please visit modwm.com.
About Modern Wealth Management
Modern Wealth Management is a registered investment adviser
(RIA) reimagining the delivery of financial advice. Co-Founded by
former United Capital executives Gary Roth, Mike Capelle and Jason
Gordo, Modern Wealth was designed to anticipate the needs of
Americans at every stage in life by providing a full suite of
wealth management services carried out by a team of experts
specializing in financial planning, tax planning and preparation,
personal banking, estate planning and more. Strategically acquiring
high-growth RIAs across the country, Modern Wealth plans to
establish regional offices in key locations spanning the United
States. To learn more about Modern Wealth’s next generation
platform and advice delivery model, please email info@modwm.com or
visit modwm.com.
Registration with the U.S. Securities and Exchange Commission
does not imply a certain level of skill or training. Past
performance is not necessarily indicative of future results.
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