Waverly Advisors Buying Rainsberger Wealth Advisors: Details

By Amit Chowdhry ● Oct 26, 2023

Waverly Advisors, LLC – a registered investment advisor (RIA) that specializes in investment management, financial planning and wealth management solutions for a diverse group of high-net-worth individuals, corporate retirement plans and institutional clients – recently announced that it has acquired Rainsberger Wealth Advisors based in Colorado Springs, CO. And with ongoing expansion efforts underway, Waverly has recently added offices in Texas and Mississippi, and now Colorado, in addition to their long-time presence in Alabama, Georgia, and Florida.

Rainsberger Wealth Advisors was launched in 1990 by Bud Rainsberger to help clients build strong financial futures while providing them with peace of mind. Bud will assume the role of Waverly Regional Director for the Denver and Colorado Springs regions and will be joined at Waverly by his entire team.

This deal marks the ninth since Waverly accepted an equity investment in December 2021 from Wealth Partners Capital Group (WPCG) and HGGC’s Aspire Holdings platform to support Waverly’s ongoing M&A-focused growth. And Waverly now has offices in six states across the U.S., and anticipates continued growth given its strong M&A pipeline.

The deal of Rainsberger, which closed on October 20, 2023, increases Waverly’s assets under management (AUM) by $302 million, bringing Waverly’s total AUM to approximately $7.4 billion. The financial and legal terms of the deal will not be disclosed.


“Waverly is thrilled to enter the Colorado market with Bud and his team. As Waverly continues to execute on its strategy of thoughtful and strategic growth, there is significant value in partnering with established and respected firms, such as Rainsberger. Bud and his team bring a shared commitment to serving their clients with excellence, and we are happy to welcome them to the Waverly family.”

— Josh Reidinger, CEO of Waverly

“When we were approached to join Waverly, our focus was on the well-being of our clients and team members. Upon learning of Waverly’s client-centric approach and commitment to its clients, team and local communities, it was clear to us that this partnership would be a great opportunity for Rainsberger.”

— Rainsberger Wealth Advisors founder Bud Rainsberger

“Throughout this partnership process, Bud consistently prioritized his clients and team, demonstrating a strong cultural alignment between Rainsberger and Waverly. The connection between these firms creates a solid foundation for Waverly as it expands into Colorado.”

— Mac Selverian, WPCG Principal

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