M and A
Deals Of The Day: The Latest In Wealth Management M&A – Savant, Gryphon
The latest mergers, acquisitions and other corporate actions in the wealth management sector.
Savant Wealth Management, a registered investment advisor, has acquired Evanston, Illinois-based Gryphon Advisors, another RIA with about $557 million in AuM.
Merger and acquisitions advisory firm FP Transitions facilitated the deal, which closed on September 30, on behalf of Gryphon Advisors.
Savant did not disclose the financial terms of the transaction.
Founded in 2005 by D Douglas Close, Gryphon Advisors provides financial planning advice – including tax planning and business consulting – to more than 100 high net worth clients.
Gryphon Advisors has seven employees, all of whom have transitioned to Savant. The firm’s three principals, Douglas Close, John Swee, and Anthony Sapienza, joined as member-owners.
With offices in 20 states, Savant has expanded its presence in the Chicagoland area to eight offices, including Gryphon Advisors. Gryphon marks Savant’s fifth acquisition of 2025.
In August, $1.2 billion PrairieView Partners, located in St Paul, Minnesota, and $216 million Parkworth Wealth Management, a Los Gatos, California-based boutique firm, specializing in advice to tech industry executives, joined Savant.
In April, Savant acquired $1.15 billion, Rhode Island-based Corrigan Financial, and in June, Savant announced the addition of Brent Kalka, a tuck-in that added about $111 million in AuM.