The firm, backed by private equity money, is looking to build a nationwide presence via M&A moves.

Modern Wealth Management is acquiring Tennessee-based C&J Wealth Advisors. The purchase – the financial terms of which were not disclosed – takes MWM to more than $4 billion in assets under management.

Managing over $250 million in assets, C&J Wealth Advisors serves over 300 affluent clients in the Knoxville area.

As a result of this transaction, C&J’s Scott Smith will join Modern Wealth’s investment management team, while Mark King will join the firm as managing director. Additionally, C&J will gain access to Modern Wealth’s Organic Growth Hub, which is a platform that innovates lead generation, distribution, and client onboarding to capitalize on expansion opportunities for advisors.

In May, MWM bought Philadelphia-based Wealth Management Solutions and Reston, Virginia-based Autumn Wind Asset Management. MWM, which is backed by $200 million in equity financing from Crestview Partners, is aiming to buy a range of RIA firms.