Derek Bruton
The $10 billion registered investment advisor firm Modern Wealth Management has named Derek Bruton as its new head of mergers and acquisitions and leader of its partnership development team.
Bruton brings more than 30 years of experience to the role. He joins Modern Wealth from Gladstone Group, where he oversaw RIA sell-side transactions and led the strategic growth consulting division of Gladstone Associates. Earlier in his career, he held executive positions at Charles Schwab, TD Ameritrade and LPL Financial.
Daniel Kreuter, founder and CEO of Gladstone Group, said Bruton’s appointment at Modern Wealth will strengthen the connection between both firms and create joint growth opportunities via M&A deals.
“We’re grateful for Derek’s contributions to Gladstone and the leadership he’s shown in helping us navigate the surge of M&A activity in the wealth management industry,” Kreuter said. “As consolidation continues across the industry at a rapid clip, collaboration between RIA buyers and M&A advisors has never been more important.”
Bruton said he looks forward to helping Modern Wealth refine and amplify its inorganic growth strategy, noting his role will also involve building relationships with investment bankers, consultants and others active in RIA transactions to drive create strategic deal opportunities.
“What Modern Wealth has built is impressive, and it starts with the people,” Bruton said. “The founders and executive team are individuals I trust and have enjoyed working with over the years. They’ve built a great business in a short amount of time, and I’m excited to help build on that success.”
Since its launch in April 2023, Modern Wealth has completed 18 acquisitions that have expanded its presence to 20 client-facing offices across 14 states.
Pictured: Derek Bruton. Courtesy photo
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