Credent Wealth Management has announced a business combination with Personal Wealth Partners for an undisclosed sum.

Personal Wealth Partners, which was established in 2014, will now operate under the Credent brand name.

The combined entity will have $1.8bn in assets under management and the addition of two new offices in Minnesota and Wisconsin takes the total number of Credent offices to six.

Credent’s existing offices are in Auburn, Indiana and Portage, Michigan, as well as in Waco and Plano, Texas.

Personal Wealth Partners partner and principal Daniel Steichen brings over three decades of experience in financial planning and management.

Credent Wealth Management CEO David Hefty said: “We are always interested in learning where successful independent advisors are in their careers, business cycles and succession planning.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We respect and value the entrepreneurial spirit of our current and prospective partners, and we share a common understanding that we can do more for our clients together than we can on our own.”

Steichen said: “Credent presented me with multiple options for either merger or acquisition, depending on what I wanted for the next stage of my business cycle and career. While acquisition would have given me the freedom to focus solely on servicing my existing clients, I wanted to keep building the business that I started.

“Merging with Credent gives me the additional resources and control I need to make that happen. Credent offers long-term support for my clients and my team, which is very important to me.”