Creative Planning has acquired RIA Lenox Wealth Management of Cincinnati, Ohio, which has some $600 million of assets under management.
The news comes about a month after it bought Thun Financial Advisors, a $600 million RIA in Madison, Wisconsin, focused on U.S. investors who live overseas.
“Creative Planning has a substantive presence in Cincinnati already, and with Lenox joining the team, we will be working with hundreds of families in the area with well over a billion [dollars] in assets,” according to CEO Peter Mallouk.
Overall, the RIA aggregator manages over $50 billion in assets in 50 states.
“Our goal is to become the number one choice for individuals seeking independent wealth management in Cincinnati and throughout the country,” Mallouk added.