Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Industry Spotlight > RIAs

RIA Savant to Buy Huber, Forming $8B Chicago Group

Your article was successfully shared with the contacts you provided.
Chicago skyline (Photo: Thinkstock)

RIA Savant Capital Management is buying Huber Financial Advisors, creating a firm with about $8 billion overall and 200 employees. The combined entity could work with $3.1 billion in the greater Windy City area, where both are based. 

The transaction should wrap up by April 1. Once completed, Savant should have about 70 employee owners and “broader employee ownership than nearly any other advisory firm in the industry,” the firm said in a statement.

David Huber, a certified financial planner, will continue to work with clients and have an advisory role to Savant’s board; Rob Morrison, CFP, will become a member of Savant’s executive team; and Phil Huber, a CFP and chartered financial analyst, will take on the role of Savant’s chief investment officer.

“This transaction represents two decades of mutual respect for each other’s organizations. Our firms share similar internal cultural and core values as well as parallel philosophies in servicing our clients and providing fiduciary excellence to them,” explained Savant CEO Brent Brodeski in a statement.

Savant’s operations include in-house accounting, estate, trust, wealth transfer and business consulting.

The RIA has its base in Rockford, Illinois, and 10 other branches in the state: Bloomington, Chicago, Downers Grove, Freeport, Hoffman Estates, Naperville, Peoria, St. Charles, Sterling and Wilmette. Outside the state, its locations are in Phoenix; Santa Fe, New Mexico; Madison and Park Falls, Wisconsin; and McLean, Virginia.

— Check out Fiduciary Trust Nabs $6B RIA Athena Capital Advisors on ThinkAdvisor.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.