Creative Planning Buys Edmonds Duncan
Creative Planning has acquired Lawrence, Kansas-based Edmonds Duncan Registered Investment Advisors, LLC. The deal closed on October 1 with six employees at Edmonds Duncan formally joining Creative Planning.
“Edmonds Duncan has excelled in delivering a personalized approach similar to ours, offering clients tailored plans that truly reflect their goals and visions,” said Peter Mallouk, CEO of Creative Planning. “Their strong foundation and local presence in our home state significantly extends Creative Planning’s reach. With their commitment to customized wealth management and meaningful client relationships, we’re excited to enhance our services within the Lawrence area, providing clients with the insights and strategies needed for a confident and secure financial future.”
With over fifty years of service, Edmonds Duncan provides investment management, retirement income planning, and estate settlement services. As of September 30, 2024, Edmonds Duncan has $550 million in assets under management (AUM) and serves approximately 600 families.
“For us, this merger is the culmination of our efforts to bring a comprehensive suite of services to our clients under one roof. Ultimately, my partner Don and I concluded that we could most efficiently accomplish that objective for our clients by joining our friend Peter and his team at Creative Planning,” said Jason Edmonds, lead partner at Edmonds Duncan. “Our due diligence showed that, in addition to perfectly aligned investment and service philosophies, Creative Planning has built a best-in-class, fully integrated suite of financial planning, investment management, estate planning, tax, insurance, and trust services. Their advanced technology enables us to plug directly into that platform and begin adding value for our clients immediately. It is purely serendipitous that our office in Lawrence, home of the University of Kansas, is just 35 miles away from Creative Planning’s Overland Park Headquarters.”
Edmonds Duncan is Creative Planning’s ninth acquisition since the beginning of 2023, as the firm expands its geographical reach and wealth management services. Richard Tischler of RiezmanBerger served as legal counsel to Edmonds Duncan on the sale.
