Modern Wealth Management, a Monterey, California-based registered investment advisor, has announced an asset purchase agreement with Denver-based Brown and Company, a wealth management practice overseeing approximately $1 billion in assets under management that was previously affiliated with LPL Financial. The transaction marks Modern Wealth’s 21st acquisition and its second of the year, pushing total AUM past $13 billion. The deal was guided by Alaris Acquisitions.
The acquisition gives Modern Wealth its first presence in Colorado, a key market in its growth strategy, and marks its second deal in the past month. Founded in 1988 by Mark Brown, CFP, Brown and Company serves more than 200 households across the greater Denver area and Rocky Mountain region, with a focus on business owners, entrepreneurs, executives, and high-net-worth individuals. The firm delivers a family office-style client experience spanning investment and retirement planning, advanced tax and estate strategies, philanthropic and charitable planning, and specialized services for business owners and corporate executives through executive compensation and exit planning offerings.
Brown and Company’s full eight-person team will transition to Modern Wealth, including leadership team members Danielle Berz, CFP, Justin Cassida, MBA, CFP, and Jonathan Kuiter, MBA. Brown himself joins Modern Wealth as Managing Director. Advisors will gain access to enhanced support across marketing, technology, compliance, human resources, and operations, as well as Modern Wealth’s Organic Growth Hub, which sources, develops, and nurtures new business leads before delivering them directly to its offices.
Modern Wealth was co-founded by former United Capital executives Gary Roth, Mike Capelle, and Jason Gordo, and is designed to deliver a full suite of wealth management services including financial planning, tax planning and preparation, and estate planning through a network of strategically acquired RIAs across the United States.
KEY QUOTES:
“As we considered the future of the firm, it was important to find the right home for our team — one that would support a thoughtful succession plan, preserve the best elements of our firm and help us elevate our capabilities. Modern Wealth stood out for its culture, capabilities and long-term vision. Joining them allows us to maintain the consistency and care our clients expect, while enhancing the personalized, high-touch experience that has defined our practice.”
Mark Brown, CFP, Founder and Managing Director, Brown and Company
“Mark and his team have built an impressive business defined by strong leadership, consistent growth and a foundation already in place to scale client service. With access to Modern Wealth’s resources, the team is well positioned to accelerate growth and expand the depth of services they deliver to clients in Denver, a key market that strengthens our position in the West and marks an important step in our expansion into Colorado.”
Jason Gordo, President and Co-Founder, Modern Wealth Management
