Creative Planning has acquired its seventh RIA firm this year, Miller Financial Management, based in Muncie, Indiana, according to a spokesman.
The firm has $150 million in assets under management, making it the smallest 2020 acquisition by Creative Planning, which has been on a buying spree since it sold a minority stake to General Atlantic in February. Terms of the latest deal were not disclosed.
The firm’s latest acquisition comes just a week after the Overland Park, Kansas, advisory firm acquired Lenox Wealth Management, a Cincinnati, Ohio, RIA with approximately $600 million in assets under management.