Waverly Advisors has acquired InVista Advisors, a Montgomery, Alabama-based wealth management firm with approximately $332 million in assets under management. The transaction expands Waverly’s presence to five Alabama locations and represents its 35th acquisition since receiving an equity investment from Wealth Partners Capital Group and HGGC’s Aspire Holdings platform in December 2021.
InVista was founded by CEO Carl “Brandt” McDonald and Chief Operating Officer Michael Barranco. The firm’s leadership also includes Partner and Financial Advisor Austin Barranco, and the company is supported by a total team of eight professionals serving individuals, families and business owners.
McDonald, Michael Barranco and Austin Barranco will join Waverly as partners and wealth advisors. The broader InVista team will gain access to Waverly’s investment, financial planning, tax, estate and operational capabilities while continuing to serve clients from the Montgomery market.
InVista has built its practice around personalized advice, long-term client relationships and involvement in the local community. Its services include comprehensive wealth management for families and business owners, with an organizational culture centered on community, connection and collaboration.
Waverly is a fee-only registered investment advisor providing investment management and wealth planning services to high-net-worth individuals, families, corporate retirement plans, trusts, endowments and other institutional clients. The firm managed approximately $35.6 billion as of July 27, 2026, and operates 53 offices across the United States.
The acquisition adds an established Montgomery practice to Waverly’s expanding national platform while increasing the resources available to InVista’s clients and employees. The transaction is also intended to provide the acquired firm’s next generation of professionals with broader career development and succession opportunities.
Waverly was founded in Birmingham in 1999 and now employs nearly 500 professionals. The firm has expanded through a combination of organic growth and acquisitions, with Alabama remaining an important part of its geographic footprint.
Wealth Partners Capital Group supports Waverly’s acquisition strategy by providing capital, evaluating potential advisory firms and assisting with integration. HGGC invests in registered investment advisors through Aspire Holdings, which is targeting $300 million of total investment in the sector.
KEY QUOTES:
“InVista has built an outstanding reputation within the Montgomery market. This acquisition expands Waverly’s presence in Alabama and strengthens the firm’s ability to serve clients across the state, while bringing together two firms that share a deep commitment to people, planning and long-term growth.”
Justin Russell, President and CEO of Waverly Advisors
“Joining Waverly marks an exciting new chapter for the team, and most importantly, our clients. Waverly’s scale and resources will strengthen our ability to serve clients while preserving the personalized client experiences and trusted client relationships that have always defined InVista, further positioning us to deliver even greater value to our clients for generations to come.”
Carl “Brandt” McDonald, Founder and CEO of InVista Advisors
“The InVista team has worked tirelessly to build a firm defined by exceptional client service and culture of excellence. This transaction marks a defining new chapter, one that expands opportunities for our employees and deepens our commitment to the clients we serve.”
“Waverly’s proven track record of growth and collaboration made them the clear choice as our long-term partner, and we look forward to everything we can accomplish together.”
Michael Barranco, Chief Operating Officer of InVista Advisors
“The responsibility we carry goes far beyond managing assets. It is about helping clients make confident decisions, steward their resources wisely and build lasting financial strength.”
“Waverly gives us greater depth to fulfill that responsibility for families, business owners and nonprofit organizations while preserving the trust, transparency and personal relationships at the heart of our work.”
Austin Barranco, Partner and Financial Advisor at InVista Advisors
“This transaction reflects Waverly’s continued success in executing a highly strategic and selective acquisition strategy. InVista has built a strong business with an impressive leadership team and a well-established presence in the Montgomery market.”
“This transaction further expands Waverly’s footprint and underscores its position as one of Alabama’s leading wealth management platforms.”
Mac Selverian, Partner at Wealth Partners Capital Group
