Waverly Advisors has bolstered its Ohio footprint with the purchase of investment advisory business Buckingham Advisors.
The move broadens Waverly’s US presence with four additional locations, expanding its Ohio network to seven locations.
Go deeper with GlobalData
Financial details regarding the transaction were not shared.
Established in 1987 by Jay Buckingham, Dayton-based Buckingham Advisors provides comprehensive tax and financial planning with investment management for high-net-worth families and business owners.
Jay Buckingham, along with his team of 38 professionals, will now be part of Waverly.
Jay said: “By joining Waverly our firm gains significant resources and infrastructure which will allow our team to concentrate on what matters most, our clients. In addition, we are excited to contribute substantially to a new service line for the firm.”
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.
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 GlobalDataWith the acquisition, Waverly adds over $900m in assets to its books, boosting its total assets under management to nearly $15.5bn.
Jay Buckingham will assume the role of Regional Director at Waverly, working alongside Jeff Groezinger.
Jeff will also take on the role of managing director of Waverly Business Services, a new division offering enhanced tax planning, tax preparation, and business services to clients.
Waverly president Justin Russell said: “Partnering with Buckingham means that Waverly gains a robust tax preparation and planning service line that will enhance our ability to serve our high-net-worth clients.
“Jay has built a team of talented professionals, and we are thrilled to welcome them to Waverly.”
The latest purchase marks Waverly’s 19th deal since the equity investment from Wealth Partners Capital Group (WPCG) and HGGC’s Aspire Holdings platform in December 2021.
WPCG principal Nick Trepp said: “Entering the Ohio region this year has exceeded our expectations, as we have welcomed outstanding advisors, 7 new Waverly office locations and new service lines with the addition of a combined $2.1bn in AUM.
“We are thrilled to be part of Waverly’s growth strategy.”
