Waverly Advisors—a federally registered investment adviser (RIA) that specializes in investment management, financial planning, and wealth management solutions for high-net-worth individuals, corporate retirement plans, and institutional clients—announced it had acquired Buckingham Advisors, an investment advisory firm based in Dayton, Ohio.
This partnership marks Waverly’s second acquisition in Ohio since the acquisition of 9258 Wealth Management last month and adds 4 locations to Waverly’s growing footprint nationwide.
Buckingham launched in 1987 by Jay Buckingham. And the firm has built multi-generational relationships with high-net-worth families and business owners based on its philosophy of integrating comprehensive tax and financial planning with investment management. Jay and his entire team of 38 professionals join Waverly and will add approximately $900+ million to Waverly’s assets under management (AUM).
Jay Buckingham will be serving as Regional Director at Waverly, along with Jeff Groezinger. And Jeff will also serve as Managing Director of the newly introduced Waverly Business Services, which will offer clients a greater depth of tax planning expertise and add tax preparation and business services to Waverly’s client offerings.
This deal marks Waverly’s 19th transaction since accepting an equity investment in December 2021 from Wealth Partners Capital Group (WPCG) and HGGC’s Aspire Holdings platform. The deal closed on November 8, 2024 and increases Waverly’s AUM to approximately $15.5 billion.
The financial and legal terms of the deal will not be disclosed.
KEY QUOTES:
“Partnering with Buckingham means that Waverly gains a robust tax preparation and planning service line that will enhance our ability to serve our high-net-worth clients. Jay has built a team of talented professionals, and we are thrilled to welcome them to Waverly.”
– Justin Russell, President of Waverly
“By joining Waverly our firm gains significant resources and infrastructure which will allow our team to concentrate on what matters most, our clients. In addition, we are excited to contribute substantially to a new service line for the firm.”
– Jay Buckingham
“Entering the Ohio region this year has exceeded our expectations, as we have welcomed outstanding advisors, 7 new Waverly office locations and new service lines with the addition of a combined $2.1 billion in AUM. We are thrilled to be part of Waverly’s growth strategy.”
– Nick Trepp, WPCG Principal
