St. Louis-based Buckingham Asset Management has acquired JWA Financial Group, a Dallas-based investment services firm.
JWA, which has eight employees and manages investments totalling US$400 million, will now operate under the Buckingham name. JWA currently serves 250 clients in Dallas.
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The deal gives Buckingham Asset Management a fourth location to go along with St Louis, San Francisco and Silicon Valley and brings its total assets under management or administration to US$4.9 billion.
Jim Whiddon, founder of JWA, will serve as wealth advisor with Buckingham Asset Management.
Buckingham Asset Management’s CEO, Adam Birenbaum, said: "Expanding in Dallas strongly contributes to our resources for serving clients in St Louis and beyond. The firm looks for partners who share the same investment values namely evidence-based or passive management, and a belief in holistic wealth management.”
