Waverly Advisors, a federally registered investment adviser that specializes in investment management, financial planning and wealth management services for high-net-worth individuals, families, corporate retirement plans and institutional clients, has acquired Heartwood Wealth Advisors, a wealth management firm based in Richmond, Va., with approximately $1.7 billion in assets under management. The acquisition strengthens Waverly’s presence in Virginia and enhances the firm’s ability to serve individuals, families and business owners with complex financial needs.
Founded in 2013, Heartwood was built on a foundation of personalized service, collaboration and transparency. Heartwood is led by Steve Clarke, Sid Martin, Ben Gurley and Wes Kaufman and supported by a team of nine professionals, all of whom will join Waverly.
The acquisition of Heartwood marks Waverly’s 36th transaction since accepting an equity investment in December 2021 from Wealth Partners Capital G
