The latest mergers, acquisitions and other corporate transactions in the North American wealth management sector.

Paradigm Financial Advisors, Creating Planning
Paradigm Financial Advisors has merged with US registered investment advisor Creative Planning.

Based in the greater St Louis area, Paradigm has more than $600 million in assets under management.  

Jim Reding, Paradigm’s owner, who has become an equity partner with Creative Planning, will serve as managing director of the St Louis office.  

“Creative Planning has the same business model as we do, which includes a team of in-house attorneys, CPAs and wealth managers that work as a team to provide a much broader range of value-added services for clients than other firms in the industry,” Reding said in a statement. 

Creative Planning intends to boost growth in the high net worth space. It will be hiring additional attorneys and CPAs to create a new "hub" in St Louis that will provide estate planning, tax planning and tax preparation services for clients in the Midwest region.

Echelon Partners acted as Paradigm's investment banker in the transaction.

Creative Planning manages over $100 billion in assets across all 50 states and 65 countries, as of February 1, 2022.