Savant Wealth Management Acquires $3.3 Billion Capital Directions

-- First Acquisition of 2023 Marks Savant's Largest; Expands Footprint to Southeast U.S. -- ROCKFORD, Ill., Feb. 23, 2023 /PRNewswire/ -- Savant Wealth Management, a nationally recognized, fee-only…

ROCKFORD (Ill.), February 23, 2023 /PRNewswire/ -- Savant Wealth Management is a nationally recognized and fee-only registered investment advisor (RIA). It announced that it had acquired Atlanta-based Capital Directions. This RIA firm serves individuals, families, pensions and corporations. Capital Directions also offers a turnkey platform for asset management (TAMP) to CPAs. This includes: CIO, portfolio management; dedicated back office administration; technology services; resources and training for practice management; professional prospecting assistance. Capital Directions, which has approximately 25 employees and $3.3B in AUM, is Savant's largest acquisition and first of 2023. The acquisition also increases Savant's U.S. presence to 10 more states and 26 additional offices. Savant's CEO Brent Brodeski said, "Capital Directions gave us a unique opportunity not only to service traditional wealth management clients but also to help financial advisory firms and CPAs offer best-in class services to their clients. This supports our vision to improve a million lives." Dennis Covington CEO of Capital Directions stated, "We have been successful in growing our business but could have chosen not to continue." Savant is a partner that can help us improve the client experience, increase equity opportunities for our employees, and grow faster while still remaining independent. Savant Wealth Management, a nationally recognized independent firm, charges a fee and has been serving clients for more than 30 years. It currently manages approximately $14 billion in assets. Savant Wealth Management is a trusted advisor that offers financial planning, retirement plans, and investment management services to financially stable individuals and institutions. Savant is an Investment advisor registered. Past performance is not indicative of future results. Different investments come with different levels of risk. CONTACT:Catherine PovalitisChartwell __EMAIL__15 282-9976

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SOURCE Savant Wealth Management