Waverly Advisors, a registered investment adviser specializing in investment management, financial planning, and wealth management for high-net-worth individuals and institutional clients, has acquired Pacific Portfolio Consulting and Pacific Portfolio Trust Company, together known as Pacific Portfolio. The Seattle-based wealth management and trust firm marks Waverly’s entry into the Pacific Northwest and expands its service offerings with enhanced trust capabilities.
Founded in 1992 by Larry Hood, Pacific Portfolio brings more than 30 years of experience in wealth planning, trust administration, and institutional consulting. The acquisition introduces a new service line for Waverly and strengthens its corporate retirement plan capabilities. The entire Pacific Portfolio team will join Waverly, bringing approximately $5 billion in assets under management (AUM), increasing Waverly’s total AUM to about $25.1 billion.
Waverly’s acquisition of Pacific Portfolio reflects its continued commitment to providing holistic, client-centered financial services while expanding nationally. The deal represents Waverly’s 26th transaction since its 2021 equity partnership with Wealth Partners Capital Group (WPCG) and HGGC’s Aspire Holdings platform. The transaction involving Pacific Portfolio Consulting closed on September 26, 2025, and the Pacific Portfolio Trust Company transaction was completed on October 31, 2025.
According to WPCG, the firm remains focused on identifying leading advisory firms that align with Waverly’s culture and client-first approach as it expands across new markets such as the Pacific Northwest. Financial details of the transaction were not disclosed.
Waverly Advisors, founded in 1999 and headquartered in Birmingham, Alabama, now operates 42 offices across the U.S. with more than 320 professionals. The firm provides investment, tax, estate, and financial planning services to high-net-worth clients, retirement plans, and institutions.
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“This partnership aligns with Waverly’s commitment to continuously enhance the client experience. The addition of Pacific Portfolio’s trust services will further strengthen our ability to serve clients effectively. Together, we can provide comprehensive wealth management solutions to clients from coast to coast.”
Justin Russell, President and CEO of Waverly
“Partnering with Waverly Advisors allows us to combine our deep local expertise with a national platform dedicated to long-term client success. This collaboration enables us to provide more comprehensive solutions while maintaining the personalized attention our clients expect. Waverly Advisors commitment to clients, Values and Cultures align with our making them a great partner as part of our succession plan for our client’s and associates.”
Larry Hood, Co-founder and CEO of Pacific Portfolio Consulting and CEO of Pacific Portfolio Trust Company
“On behalf of the Waverly team, we continue to seek best-in-class advisory firms across the nation. We continue to prioritize Waverly’s M&A initiatives as the firm expands to new markets like the Pacific Northwest.”
Nick Trepp, Partner, Head of Corporate Development at Wealth Partners Capital Group
