1 Week, 3 More Deals for Creative Planning

Creative Planning deal

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In the past week, Creative Planning has announced the acquisition of three more firms that collectively manage more than $4 billion. The Overland Park, Kan.-based independent wealth management firm now manages over $100 billion in assets across all 50 states and 65 countries.

On March 29, Creative Planning announced it has joined forces with San Francisco Bay area RIA firm Emery Howard, with over $1.8 billion in AUM. On April 5, Louisiana-based RIA firm Resource Management LLC joined forces with Creative Planning, bringing its $1.9 billion in AUM to the table. Today, Phoenix-based wealth management firm Hatton Consulting ($440 million AUM) joined forces with Creative Planning.

Here’s a little more on each of the new deals (terms of which were not disclosed), newest to oldest.

Creative Planning acquires Hatton Consulting

Hatton Consulting works primarily with key executives and managers, business owners, pre-retirees and retirees, and widows/widowers.

Founder and President Tim Hatton founded Hatton in 1999 with the goal of providing objective, client-focused investment and wealth management services to his clients. Hatton has a dedicated team with a core set of values in place aimed at providing the best possible service to their clients.

“Tim and Jim Hatton, along with the rest of the Hatton team will make an excellent addition to the Creative Planning family,” said Peter Mallouk, President and CEO of Creative Planning. “Not only do they have decades of experience and industry-leading credentials under their belt, but their value system based on integrity, expertise, and service is exactly what we look for in these types of deals.”

“At Creative Planning, Peter has created what I believe to be the best integrated wealth management firm in the country,” said Tim Hatton. “We can now seamlessly tie investment management, estate planning, tax and insurance strategies together so each client can be confident that all elements of their financial plan are working optimally within a fiduciary standard of care.”

“I am very excited to partner with Peter and his team at Creative Planning,” said Jim Hatton, Vice President at Hatton. “The partnership will enable us to better address the client’s growing needs, in all areas of wealth management, while continuing to deliver a fiduciary standard of care.”

Creative Planning acquires Resource Management

Resource Management is a fee-only, advisory firm which specializes in financial planning, family enterprise advising, and asset management for families and businesses worldwide. Since its inception in 1974, Resource Management has been a pioneer regarding its business planning and wealth management services.

President and CEO Randy Waesche has made it Resource Management’s mission to make a meaningful impact on their clients lives by helping them navigate through an ever-changing world of investments, taxes, accounting, and economics.

“Randy and his team all exemplify what it is we look for in deals like these,” Mallouk said. “Their expertise in working with closely held businesses, professionals, and high net worth individuals along with their strong core values and beliefs made this a perfect fit and we are excited for what is to come.”

“Creative Planning has built something special, and I am envious of Peter’s talents and success over the past few years especially,” said Waesche. “We believe our team will make great partners with Creative Planning and we are thrilled to be joining a company populated by talented and ethical people.”

Creative Planning acquires Emery Howard

Emery Howard has been led by their mission to empower clients to make informed financial decisions and feel confident in their financial future. Emery Howard truly understands and serves the entrepreneurial spirit that has fueled the innovation and explosive growth of Silicon Valley, Creative Planning said in announcing the acquisition.

“Mike and the entire Emery Howard team has impressed us for quite some time now,” Mallouk said. “In adding Emery Howard to the Creative Planning family, we are getting the perfect culture and business acumen fit. The tenets listed in the Emery Howard mission statement (experience, honesty, and integrity) are so tightly aligned with our mantra here at Creative Planning which makes this a seamless transition for all parties, and we are thrilled to have them on board.”

“We wanted to align with a Firm with outstanding investment and planning capabilities and that would provide operational scale to allow our team to focus exclusively on client relationships,” said Michael Howard, President at Emery Howard. “Peter Mallouk and the Creative Planning team have given us tremendous resources to provide a greater offering in a holistic and comprehensive way. Peter has created a culture, value system and investment philosophy that has been very consistent with what we developed over the decades and the independence to operate as we always have going forward.”

SEE ALSO:

• Creative Planning to Buy Lockton’s Retirement Business

• Firm Specializing in Athletes, Entertainers and HNW Clients Acquired by Creative Planning

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