Modern Wealth Management has acquired two California-based firms, bringing its assets under management (AUM) to more than $7 billion.
The firm has finalized the acquisition of Wade Financial Advisory and expects to close on the acquisition of Planned Asset Management in the coming weeks.
Based in Campbell, Calif., Wade Financial is a fee-only financial planning firm with a dedicated tax planning and preparation business that integrates taxes, equity compensation, investments, risk management, real estate, retirement and estate planning. The firm manages more than $700 million in assets and serves more than 250 households in the greater Silicon Valley area, including technology entrepreneurs, professionals, executives and multigenerational families. Wade Financial’s tax planning business will be integrated into Modern Wealth’s tax platform, while Neelesh Champaneri, CFA, CAIA, CFP, will join the firm’s investment management team, led by Director of Investments Ste
