Plancorp Wealth Management announced that it has acquired Regency Investment Advisors, marking the first major acquisition in the firm’s more than 40-year history and signaling the start of a broader national growth strategy.
The transaction adds approximately $1 billion in client assets under management and brings 14 professionals from Fresno, California into Plancorp’s organization. The deal strengthens the firm’s presence on the West Coast and increases total client assets to about $9.6 billion, with more than 100 employees across the platform.
Founded in 1993, Regency Investment Advisors has built a strong reputation in Central California for its client-focused approach and comprehensive financial planning services. As part of the acquisition, Regency will be fully integrated into Plancorp’s platform, including branding, systems, and operations, reflecting Plancorp’s emphasis on a unified business model.
Plancorp leadership described the acquisition as a foundational step in a long-term strategy to selectively partner with like-minded firms nationwide. The firm emphasized that it remains majority employee-owned, positioning itself as an alternative to private equity-backed consolidators in the wealth management industry.
The company indicated it will continue pursuing partnerships with firms that prioritize long-term client relationships, operational alignment, and advisor quality of life, as industry consolidation accelerates.
KEY QUOTES:
“This is an exciting new chapter for our firm and our clients. In Plancorp, we found a partner who shares our values: A genuine client-first mindset and culture of humility, honesty, and excellence. After over 30 years as an independent firm, joining forces with Plancorp allows us to enhance our clients’ experience without changing our values. We’re also excited for our team: our advisors and staff will collaborate closely with their St. Louis colleagues as one team. We couldn’t be more pleased to become part of the Plancorp family and to work side by side to ensure our clients have a trusted partner for decades to come.”
Tony Fazio, CEO of Regency Investment Advisors
“We are thrilled to welcome the Regency team to Plancorp. Regency’s founders and advisors have cultivated deep, long-term client relationships by always doing the right thing – a philosophy identical to Plancorp’s. This partnership isn’t about getting bigger for its own sake; it’s about growing better together and building a trusted, national brand that stands for doing right by clients. We believe the future of wealth management belongs to firms that are aligned in values, fully integrated in operations, and committed to quality over expedience. If you’re an advisor or firm owner who shares our values and wants to be part of a unified team building the future of wealth management, we’d love to talk.”
Chris Kerckhoff, President and CEO of Plancorp
“Our goal is not to become the next big serial acquirer; we’re striving to be the best home for firms and advisors who prioritize client care, advisor quality of life, and longevity. Consolidation is reshaping the industry, but in a competitive landscape often shaped by short-term private equity, we’re taking a different path. By remaining majority employee-owned, we’re free to make decisions that serve our clients, our people, and our mission first.”
Derek Hartley, Chief Growth Officer of Plancorp
