Savant Wealth Management, a fee-only registered investment adviser, has partnered with Heritage Financial Services, a Massachusetts-based wealth management firm overseeing $3.9 billion in assets under management, in the largest deal in Savant’s history. Heritage, founded in 1995 and headquartered in Westwood, Massachusetts, operates additional offices in Woburn and Rockland.
The firm has 47 employees, including 20 financial advisors, and had been majority employee-owned prior to the deal. With the partnership, 15 Heritage employees joined Savant as member-owners, including Founder and Chairman Charles Bean III and President and CEO Sammy Azzouz. The remaining team members became Savant employees.
The combination brings together two majority employee-owned RIAs and expands Savant’s footprint in Massachusetts to four offices, adding to its existing Wellesley location. Nationally, Savant now operates 50 offices across 21 states.
Savant, founded in 1986 and headquartered in Rockford, Illinois, oversees approximately $42.3 billion in assets under management and $1.7 billion in assets under advisement as of Feb. 28, 2026. In addition to investment management and comprehensive financial planning, the firm provides retirement plan services, family office solutions, tax preparation, accounting, consulting, and estate planning services through affiliated entities.
Heritage will operate under the Savant name going forward, with clients continuing to work with their existing advisory teams in the same office locations. The partnership is expected to broaden service capabilities for Heritage clients, including tax preparation, trustee services, enhanced estate planning, and family office offerings.
Support: Turkey Hill Management facilitated the transaction.
KEY QUOTES:
“Through our collaborations, we learned that we share a common planning and investment approach, as well as the same disciplined, client-centered philosophy. While we had an internal succession plan already in place at Heritage, we determined that partnering with Savant would enable us to expand the services we can offer clients, such as tax preparation, trustee services, enhanced estate planning, and family office services.”
Charles Bean III, CLU, ChFC, Founder and Chairman of Heritage Financial Services
“We believe Savant is a great home for our team, and we’re excited for our team’s ability to grow and specialize. As a majority employee-owned firm ourselves, we were pleased to find another RIA with this unique business model that shared our values and had a similar culture.”
Sammy Azzouz, JD, CFP, President and CEO of Heritage Financial Services
“I’m thrilled to welcome such a talented team to Savant. As we celebrate 40 years in business, it’s especially meaningful to mark this milestone with our largest partnership to date. I first met Chuck more than a dozen years ago, and over time we’ve built a relationship rooted in mutual respect and shared values. Aligning with like-minded firms like Heritage is central to our mission to create one million ideal futures for our clients, team, and the communities we serve, while preserving the culture and service our clients value.”
Brent Brodeski, CFP, CPA, CFA, MBA, Founder and CEO of Savant Wealth Management
