BakerAvenue Wealth Management received a strategic minority investment from Constellation Wealth Capital to support the firm’s next phase of growth. BakerAvenue manages $6.3 billion in assets and provides integrated wealth management, concentrated stock management, tax preparation, estate planning, and corporate trustee services.
The firm will remain majority-owned and controlled by its existing leadership team following the transaction.
The investment provides BakerAvenue with additional long-term capital to expand its service offering and operating infrastructure.
The firm plans to grow its integrated tax preparation and estate planning capabilities as well as its corporate trustee services.
BakerAvenue also intends to pursue opportunities in new markets, advisor recruitment, and additional organic growth channels.
The company was founded in 2004 and has built its strategy around coordinating investment management with tax and estate planning.
BakerAvenue said its integrated model is designed to provide clients with more coordinated and tax-aware financial guidance across their broader financial picture.
The firm reported a 23% compound annual growth rate in organic AUM from 2021 through 2025.
BakerAvenue serves high-net-worth individuals, families, trusts, foundations, and endowments.
The company also provides specialized concentrated stock management and corporate trustee services through BakerAvenue Trust Company.
Constellation Wealth Capital focuses on providing long-term capital and strategic support to scaled independent registered investment advisers.
Colchester Partners served as financial advisor to BakerAvenue.
Alston & Bird served as legal counsel to BakerAvenue, while Gibson Dunn served as legal counsel to Constellation Wealth Capital.
KEY QUOTES:
“We founded BakerAvenue 22 years ago with a firm belief that people, community, and culture should be at the heart of everything we do. With CWC, we found a partner who shares those values and our vision for the future. We’re excited about what we can accomplish together as we look to broaden and deepen the impact we make for the families and clients we serve.”
Simon Baker, Founder and Executive Chairman of BakerAvenue
“This marks an exciting new chapter for BakerAvenue. We were intentional in finding a partner aligned with our long-term vision. We believe CWC’s deep understanding of the wealth management industry, collaborative approach, and experience supporting the growth of independent wealth management firms will help us deepen what we do best and expand the infrastructure behind our operating model. Clients will continue working with the same team and philosophy, now supported by additional resources.”
Tom Ngo, CEO and Partner of BakerAvenue
“BakerAvenue has built a distinctive business, combining an integrated approach to wealth management with a strong culture and a deep commitment to its clients. Our partnership reflects a shared vision for the future and a commitment to long-term growth. We look forward to working alongside Simon, Tom and the entire BakerAvenue team as they continue to build on their success and pursue the next chapter for the firm.”
Karl Heckenberg, President and Managing Partner of Constellation Wealth Capital
“BakerAvenue’s strong organic growth, integrated wealth management model, and compelling investment program provide a solid foundation for its next phase. We see significant opportunities to build on that foundation. Our focus is on providing the long-term capital and strategic resources to help the team continue to execute on their strategic priorities. We’re excited about what we can accomplish together while supporting the independence and entrepreneurial approach that have contributed to BakerAvenue’s success.”
Pat McHugh, Partner and Head of Investments at Constellation Wealth Capital
