Mission Wealth (coinciding with its 25th anniversary) announced a minority investment from Great Hill Partners, a private equity firm that invests in high-growth companies.
This partnership will advance Mission Wealth’s growth, enhance its client service offering, and support its national expansion plans. Mission Wealth remains independent and will be majority owned by its employees. Terms of the transaction were not disclosed.
Mission Wealth is a leading wealth management firm based in Santa Barbara, California, with 35+ offices across the United States. Launched in 2000, the firm provides comprehensive financial services, including financial planning, investment management, estate planning, tax planning, retirement planning, asset protection, charitable giving, and support for personal life goals.
Mission Wealth provides holistic wealth management services to 4,100+ high-net-worth individuals and families across the country, providing specialized guidance through major life events with a service-oriented culture focused on helping clients lead more fulfilled lives.
As part of the deal, Matthew Vettel will join the Mission Wealth Board of Directors. Seward & Kissel acted as legal counsel to Mission Wealth on the transaction. Great Hill was advised by Ardea Partners who served as exclusive financial advisor and Goodwin Procter who served as legal counsel.
KEY QUOTES:
“As we celebrate our silver anniversary, we are thrilled to welcome Great Hill as a key partner in our mission to help our clients realize true wealth. This partnership brings vital resources and additional intellectual capital to our firm, enabling us to serve clients in new ways, accelerate our organic growth initiatives, bolster our mergers and integrations team, and further invest in our technology stack. Great Hill’s partnership is a strong endorsement of our business model, culture, and team, and their track record of collaborating with founders and management teams will be instrumental in driving our ambitious growth trajectory.”
Matthew Adams, CEO of Mission Wealth
“We are excited to embark on this journey with Mission Wealth. They have an exceptional leadership team, strong culture and a comprehensive platform to support their advisors and clients. Mission Wealth is a recognized leader in the wealth management industry with an unwavering commitment to superior client service and innovation which has fueled their impressive growth. We look forward to supporting their strategy to expand both organically and through strategic mergers, while helping them build on their legacy of excellence.”
Matthew Vettel, Managing Director of Great Hill
