Waverly Advisors has acquired Planning Capital Management Corp. an investment advisory firm headquartered in Paoli, Penn., and founded by Richard (Rick) Bell Jr. in 2001.
Financial and legal terms of the deal will not be disclosed.
This partnership establishes Waverly’s presence in the greater Philadelphia area.
The acquisition of Planning Capital marks Waverly’s 20th transaction since accepting an equity investment in December 2021 from Wealth Partners Capital Group (WPCG) and HGGC’s Aspire Holdings platform. The transaction closed on Dec. 13 and increases Waverly’s assets under management (AUM) to approximately $15.9 billion.
“This partnership expands Waverly’s presence to 12 states across the U.S.,” said Mac Selverian, WPCG principal. “It has been an exciting year for Waverly, and we look forward to continued M&A momentum as we enter 2025.”
