The registered investment advisor said it plans more acquisitions through year-end.

Modern Wealth Management, an RIA, has bought Boise, Idaho-based Petso Financial Consultants, an advisory firm with about $1.4 billion in assets under management, for an undisclosed sum. It is the 11th such deal Modern Wealth has carried out. 

So far this year, Modern Wealth has made six acquisitions, taking its total AuM to more than $6 billion. Modern Wealth, based in California, was founded by former United Capital executives Gary Roth, Mike Capelle and Jason Gordo.

Following its recent acquisition of Knoxville, Tennessee-based C&J Wealth Advisors via an asset purchase, Modern Wealth operates 14 client-facing offices across 11 states, with a presence in the Eastern, Midwest, Southern and Pacific Northwest regions. 

The firm said it expects to pursue additional acquisitions through year-end.

Founded in 2001 by David Petso, Petso Financial is an independent advisory firm with a team of 10 people, .

“Expanding into the Pacific Northwest region represents a key step in our broader national strategy," Jason Gordo, co-founder and president of Modern Wealth, said. 

“We engaged in extensive discussions with the Petso and Modern Wealth teams, and it was clear that the alignment between the two firms was remarkable,” Allen Darby, chief executive of Alaris Acquisitions, said. 

This asset purchase transaction was guided by the Alaris Acquisitions Deal Advocacy process.

The transaction continues a run of significant M&A in the US, as witnessed a few days ago by Pathstone’s acquisition of $45 billion Hall Capital Partners.