Waverly Advisors – a federally registered investment adviser (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 – announced it has acquired Fiduciary Wealth Advisors (FWA), a wealth management firm located in Sarasota, FL. This partnership expands Waverly’s presence in Southwest Florida.
Launched by Scott Collins in 2014, FWA is committed to prioritizing its clients’ best interests and managing portfolios using a well-defined, data-driven approach. And Scott’s expertise coupled with his personalized service model has distinguished him as a true fiduciary. Scott will be joining Waverly as a Partner and Wealth Advisor. The acquisition of FWA will contribute about $110 million in assets under management (AUM) to the firm.
The acquisition of FWA marks Waverly’s 25th deal since accepting an equity investment in December 2021 from Wealth Partners Capital Group (WPCG) and HGGC’s Aspire Holdings platform. The deal closed on April 4, 2025.
Tyler Nunnally with Nunnally International was FWA’s advisor on the transaction. The financial and legal terms of the deal will not be disclosed.
KEY QUOTES:
“Attracting top talent like Scott is a key reason Waverly continues to focus on M&A. Bringing on experienced professionals like Scott, who align closely with Waverly’s core values, helps foster a collaborative environment where the team can learn from one another, deepen their industry knowledge, and elevate Waverly’s outstanding client experience.”
- Justin Russell, President and CEO of Waverly
“Waverly’s commitment to its clients was very attractive to me when considering a partnership. By joining Waverly, my clients will benefit from enhanced infrastructure and additional resources, enabling me to focus solely on servicing clients.”
- Scott Collins
“When the Waverly team first met Scott, it was immediately apparent that this partnership would be an excellent fit – providing Scott the opportunity to enhance his client service model and Waverly the opportunity to build out the firm’s presence in Florida. Waverly continues to successfully execute its M&A strategy, and it is exciting to see what will come next.”
- Pete Wheatley, Director at WPCG
