Modern Wealth buys Florida’s Flaharty Asset Management

Modern Wealth Management has acquired Flaharty Asset Management, a wealthiness absorption steadfast based successful Clearwater, Florida, with astir $1.1bn successful advisory and brokerage assets.

Financial presumption of the woody stay undisclosed.

Flaharty, led by Shon Flaharty and Hunter Orr, is joining Modern Wealth with a squad of 18 people, including 9 advisers.

Shon Flaharty said: “For astir 2 decades, we person focused connected gathering a steadfast that cares profoundly astir the radical we service and the radical we enactment alongside.

“As our concern has grown, we knew the adjacent section required a spouse that could assistance america sphere that civilization portion continuing to evolve. Modern Wealth understands what makes our steadfast antithetic and shares our content that large proposal is astir overmuch much than concern absorption alone.”

The concern operates from Clearwater and Punta Gorda successful Florida.

The woody adds to Modern Wealth’s operations successful Florida, which the institution has identified arsenic an important marketplace arsenic it continues to make determination offices successful selected locations crossed the US.

After Modern Wealth’s April acquisition of Legacy Wealth Management successful South Florida, the Flaharty transaction gives it a basal successful the Greater Tampa Bay/Clearwater country and adds to its beingness successful the Southeast.

Under Modern Wealth, the Flaharty squad volition beryllium capable to usage an integrated level with cardinal enactment successful marketing, technology, compliance, quality resources and operations, on with successful location services covering fiscal planning, concern management, taxation readying and preparation, property readying and status program management.

The squad volition besides beryllium capable to usage Modern Wealth’s Organic Growth Hub, wherever specializer teams identify, measure and make imaginable lawsuit relationships earlier referring them to advisers.

Modern Wealth president and co-founder Jason Gordo commented: “Florida is an important maturation marketplace for Modern Wealth, but this acquisition is astir overmuch much than geography.

“Shon, Hunter and their squad person built a singular concern astir care, spot and a highly quality attack to advice. Their exemplary aligns intimately with wherever we judge the manufacture is headed, and we spot a meaningful accidental to bring elements of their lawsuit acquisition to advisors crossed our broader platform.”

Flaharty is the 22nd acquisition completed by Modern Wealth and comes aft the caller summation of Brown and Company successful Colorado. Modern Wealth said it present oversees much than $14bn successful assets crossed 20 offices nationwide.

"Modern Wealth buys Florida’s Flaharty Asset Management " was primitively created and published by Private Banker International, a GlobalData owned brand.