The US wealth manager has chalked up no fewer than 18 acquisitions since it was launched just over two years ago, making it one of most acquisition-hungry stories in the sector.

Modern Wealth Management, an RIA, has appointed Derek Bruton as head of mergers and acquisitions, a clear statement of intent as it looks to continue expansion.

Bruton brings more than three decades of experience in M&A, registered investment advisor, and broker-dealer channels, the US firm said in a statement. Prior to this new role, he worked at Gladstone Group, where he oversaw a number of RIA sell-side transactions and led the strategic growth consulting arm of Gladstone Associates.

Earlier in his career, he held executive positions at Charles Schwab, TD Ameritrade, and LPL Financial.

His appointment comes at a time when the North American wealth management sector is undergoing a period of consolidation, driven by firms seeking economies of scale, enhanced capabilities, and, in some cases, succession solutions for founders nearing retirement.

Since its launch in April 2023, Modern Wealth has completed 18 acquisitions, expanding its presence to 20 client-facing offices across 14 states. Its total assets under management now exceed $10 billion.

“Modern Wealth has achieved early success in our acquisition strategy over just 30 months, and Derek brings the industry knowledge, connections, passion, and drive to take that momentum even further,” Jason Gordo, co-founder and president of Modern Wealth, said. “Derek is a difference maker. We believe he will take our growth to the next level by drawing on the relationships and expertise he’s built over three decades in the industry.”

The firm added that it is seeking a dedicated East Coast partnership development professional to join its growing team.