Creative Planning Adds 3 Wealth Practices with $1.5B+ Total – Financial Advisor IQ

Creative Planning says it has acquired three more wealth management practices.

Last week, Creative Planning announced that it added Phoenix-based Hatton Consulting, a firm founded in 1999 by Tim Hatton that caters primarily to executives and managers, business owners, pre-retirees and retirees, and widows and widowers, according to Creative Planning. Hatton Consulting has $440 million in client assets, Creative Planning says.

“We can now seamlessly tie investment management, estate planning, tax and insurance strategies together so each client can be confident that all elements of their financial plan are working optimally within a fiduciary standard of care,” Hatton said in a statement.

Creative Planning also added Heritage Way Advisors, an Illinois-based wealth management firm overseeing $450 million for clients in more than 20 states, the company says.

Led by president and managing partner Gary Ollmann, Heritage offers asset allocation, investment management, estate planning, wealth transfer planning and other wealth management services to high net worth individuals, foundations and businesses, according to Creative Planning.

“Joining Creative Planning was the best possible solution given their industry-leading long-term commitment to building out robust solutions in all the essential facets of the wealth management business,” Ollmann said in a statement.

In addition, Creative Planning has acquired Keystone Wealth Partners, which is based in Arizona and North Dakota, according to the firm.

Founded by John Hagensen, Keystone offers wealth management, estate planning, and tax planning and preparation, Creative Planning says. Keystone now has 29 employees and 13 financial advisors, attorneys and certified public accountants together overseeing more than $644 million in assets under management, Creative Planning says.

The companies didn’t disclose the financial terms of any of the deals.

Creative Planning has been steadily growing its assets through acquisitions. Earlier this year, the company added the $1.9 billion Resource Management, the $2 billion Reilly Financial Advisors and the $1.8 billion Emery Howard.

Creative Planning says it managed more than $225 billion as of the end of 2021.

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