Savant Wealth Management, a fee-only registered investment adviser (RIA), announced it acquired Evanston, Ill.–based Gryphon Advisors, a fee-only RIA with approximately $557 million in assets under management (AUM). Founded in 2005 by D. Douglas Close, Gryphon Advisors offers comprehensive financial planning to more than 100 high-net-worth clients, including a focus on tax planning and business consulting. Merger and acquisition (M&A) advisory firm FP Transitions facilitated the deal, which closed Sept. 30, on behalf of Gryphon Advisors. Savant did not disclose financial terms.
Gryphon Advisors has seven employees, all of whom have transitioned to Savant. The firm’s three principals — Close, John Swee and Anthony Sapienza — have joined as member-owners.
With offices in 20 states, Savant expands its presence in the Chicagoland area to eight offices, including Gryphon Advisors. Gryphon marks Savant’s fifth acquisition of 2025. In August, $1.2 billion Prairi
