In its seventh deal of 2022, Creative Planning said Tuesday it has acquired New Orleans-based Resource Management, a registered investment adviser with $1.9 billion in assets that has been open since 1974.
Creative Planning has been on a roll; over the first three months of the year, it announced the purchases of six wealth management firms with close to $5.7 billion in assets under management. Creative Planning, which oversees more than $225 billion in assets and has a standardized platform for its advisers, has been one of the most aggressive RIA aggregators in the market over the past few years.
Resource Management's president and CEO was Randy Waesche, who is now registered with Creative Planning, according to his Form ADV.
Creative Planning's purchase of Resource Management is the company's second-largest asset purchase this year, according to announcements on its website.
In January, the aggregator said it was buying Reilly Financial Advisors, an RIA in La Mesa, California, with $2 billion in assets under management.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
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Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
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