Corporate Roundup: Waverly Advisors Acquires GGM, Wealth Enhancement Merges with Marcum Wealth
Waverly Advisors Acquires GGM
Waverly Advisors, LLC has acquired GGM Wealth Advisors, an investment advisory firm based in Baltimore, Maryland. This partnership grows Waverly’s presence in the Northeast, expanding its reach into new markets of Maryland and Virginia.
Led by Jeff Johnson and Michael Little, GGM was founded in 1996, and has grown to manage over $400 million in assets under management. The team focuses on tailoring investment management strategies to meet the needs and financial goals of their clients. The entire team at GGM joins Waverly.
“GGM has built a successful firm by providing a superior client experience while establishing long-term relationships,” said Justin Russell, president and CEO of Waverly. “We appreciate GGM’s transparent, advisor-guided approach to comprehensive wealth management which prioritizes clients’ best interests.”
“Waverly’s steadfast commitment to its clients aligns completely with our values,” said Jeff Johnson, president and managing director of GGM. “Partnering with Waverly provides us with a more robust infrastructure and enhanced resources, allowing us to better serve our clients.”
The acquisition of GGM marks Waverly’s 22nd transaction since accepting an equity investment in December 2021 from Wealth Partners Capital Group and HGGC’s Aspire Holdings platform. The transaction closed on March 21, 2025 and increases Waverly’s AUM to approximately $16.9 billion.
“With the first quarter of 2025 nearly complete, Waverly has already moved into three new markets,” said Nick Trepp, partner and head of Corporate Development at WPCG. “This is exciting for Waverly. We expect the firm will continue to experience strong growth as the year progresses.”
Financial and legal terms of the deal will not be disclosed.
