Waverly Buys Planning Capital
Waverly Advisors, LLC, a federally registered investment adviser (RIA) that specializes in group of high-net-worth individuals, corporate retirement plans and institutional clients, has acquired Planning Capital Management Corp., an investment advisory firm headquartered in Paoli, Pennsylvania.
Founded by Richard Bell Jr. in 2001, Planning Capital has served high-net-worth individuals, institutions and non-profits for over two decades. The entire Planning Capital team joins Waverly.
“Rick’s team is a dynamic group of talented professionals who are eager to help clients reach their financial goals,” said Justin Russell, president of Waverly. “Planning Capital’s holistic approach to comprehensive financial planning and wealth management aligns with ours and we are thrilled to have them join the Waverly team.”
“By partnering with Waverly, our team has gained significant resources and infrastructure further enhancing our ability to serve clients,” said Rick. “Most importantly, Waverly’s culture aligns with ours, and we are excited to join the Waverly team.”
The acquisition of Planning Capital marks Waverly’s 20th 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 December 13 and increases Waverly’s AUM to approximately $15.9 billion.
The partnership will establish Waverly’s presence in the greater Philadelphia area.
“This partnership expands Waverly’s presence to 12 states across the U.S.,” said Mac Selverian, WPCG principal. “It has been an exciting year for Waverly, and we look forward to continued M&A momentum as we enter 2025.”
