RFG Advisory, a hybrid registered investment advisor platform based in Birmingham, Alabama, has completed its first majority acquisition by acquiring RVA Wealth Management, marking a significant milestone in its capital solutions strategy and long-term growth plans.
The transaction brings Richmond, Virginia-based RVA, which manages more than $320 million in client assets, further into the RFG ecosystem. The firm will retain its brand and continue operating within RFG’s platform, now as a W-2 partner firm. The deal reflects RFG’s broader effort to provide flexible ownership options, including succession planning, monetization pathways, and continued growth support for advisors.
RVA, founded in 2018, focuses on retirement and education-driven planning, serving mass affluent households with an emphasis on income planning, asset preservation, and long-term financial confidence. The partnership was driven by founder David Koren’s desire to transition the business while maintaining continuity for clients and preserving the firm’s legacy, with next-generation leadership under Caleb Vaughan.
The acquisition represents RFG’s first majority stake in a partner firm and underscores the firm’s evolving ability to support advisors across multiple stages of their lifecycle. While RFG continues to emphasize its independent platform model, the deal highlights its willingness to provide tailored capital solutions when advisors seek liquidity or succession options.
RFG said the partnership will enhance RVA’s capabilities through expanded infrastructure, technology, and strategic support, while maintaining continuity in client relationships and service delivery. The firm also emphasized that its platform allows advisors to choose between independence, minority investment partnerships, or full succession transactions within a single integrated model.
The announcement builds on RFG’s recent momentum, including advisor growth, new partner firm additions, and continued investment in technology platforms designed to improve advisor productivity and operational efficiency.
KEY QUOTES
“This transaction represents an important evolution in how RFG shows up for Advisors across every stage of their journey. We’ve always been focused on helping Advisors build enterprise value and grow intentionally. With RVA, we’re demonstrating our ability to also be the right partner when it’s time to monetize, transition leadership, and ensure continuity for clients and team members alike. This is the beginning of a much larger opportunity. We’ve built RFG to support Advisors however they define success, whether that’s scaling independently, aligning through shared ownership, or transitioning their business. RVA is a clear example of how we can meet that need in a meaningful and strategic way.”
Shannon Spotswood, CEO of RFG Advisory
“This was about finding the right partner to carry the business forward without disrupting what makes it special. RVA has built a deeply client-centric firm rooted in education, planning, and trust. RFG brings the capital, infrastructure, and strategic support to help that foundation scale while ensuring a seamless experience for clients.”
Ed Swenson, President of RFG Advisory
