The latest mergers, acquisitions and other corporate actions in the wealth management sector.

Savant Wealth Management, APC Financial Planning
Rockford-headquartered Savant Wealth Management, a fee-only registered investment advisor (RIA), announced yesterday that it has acquired APC Financial Planning, a 50-year-old Knoxville, Tennessee-based independent advisory firm managing about $497.8 million in assets under management. Savant did not disclose the financial terms of the transaction.

Hue Capital Partners served as exclusive sell-side advisor to APC in the transaction. 

Joe Ottaviano, president of APC Financial Planning, who purchased the firm in 2021, is joining Savant as a member-owner, along with Adam Kornegay, a financial advisor. Six additional team members have transitioned to Savant as employees.

“Joining Savant allows our team access to greater resources and operational support for our clients while preserving the personalized service we’ve built over decades,” Ottaviano said. “We wanted a partner that could provide expanded capabilities, including estate planning, trust services, and tax planning.”

Brent Brodeski, founder and CEO of Savant Wealth Management, said the acquisition reflects the firm’s disciplined, relationship-driven growth strategy.

With the addition of APC Financial Planning, Savant will expand its national footprint to 47 offices across 21 states, with about $37.1 billion in assets under management and $1.3 billion in assets under advisement.

Mercer Advisors
Mercer Advisors unveiled two acquisitions yesterday as a new year got under way: Poterack Capital Advisory, a $265 million digital-first firm, and Long Run Wealth Advisors, a $640 million registered investment advisor based in Lake Placid, serving Northern New York and Vermont.

Both transactions closed in 2025, capping Mercer Advisors’ most active acquisition year to date, the firm said in a statement.

In total, Mercer announced 16 deals and closed 18 transactions in 2025, adding more than $10 billion in assets through inorganic growth.

The activity is an example of the busy M&A activity that has been a feature of North American wealth management in recent years, fueled by advisors’ desire to exit businesses, or partner with larger firms to handle rising costs and investments. Buyers of firms seek economies of scale, wider national reach and access to more talent.

Poterack Capital Advisory, which was founded in 2001 and is led by CEO Ryan Poterack, serves clients in 30 states.

Long Run Wealth Advisors, led by principals Kevin Brady and Lynn Magnus, has a team of seven people.