Savant Wealth Management has acquired woman-owned Source Financial Advisors, a New York–based boutique RIA with $536 million in assets under management. Savant did not disclose the terms of the deal, which closed on Dec. 9.
Source Financial Advisors, led by Michelle Smith, CDFA, primarily serves high-net-worth women who have experienced or are navigating divorce. It also counts business owners and executives among its clientele. The firm offers a financial education program, Wife2CFO, in which divorced or divorcing women receive coaching, guidance and tools designed to help them plan their financial futures.
Smith joins Savant as a managing director, financial adviser and member-owner. Lauren Lisbon, a relationship manager and family office services specialist, joins Savant as an associate adviser. Megan Benner, chief compliance officer and client services specialist, is now a member of the Savant client services team. Sean Smith, marketing director, assumes the role
