Savant Wealth Management Acquires RIAs, Adds $7B AUM

Savant Wealth Management has significantly expanded its asset base, adding approximately $7 billion in client assets through two strategic acquisitions. This move underscores the ongoing consolidation within the registered investment advisory (RIA) sector, as firms seek scale and enhanced service offerings.

The most substantial of these transactions involved the integration of Massachusetts-based Heritage Financial. This deal, which closed on February 27, 2026, represents Savant's largest acquisition to date, bringing in roughly $3.9 billion in managed assets and a team of approximately 47 professionals, including 20 financial advisors. Heritage Financial operated from three locations across Massachusetts: Westwood, Woburn, and Rockland.

Key leadership from Heritage Financial, including founder Chuck Bean and President/CEO Sammy Azzouz, have joined Savant as member-owners, signaling a deep integration. The broader Heritage Financial team will transition to employment under the Savant Wealth banner. This strategic alignment ensures continuity for clients, with custody arrangements remaining with Charles Schwab and the addition of Fidelity as an alternative provider.

Chuck Bean highlighted the critical alignment of values, stating that the acquisition by an independent, majority employee-owned, and client-focused RIA was paramount. The integration is expected to provide Heritage Financial clients with access to a more comprehensive suite of services, including estate planning, tax advisory, trustee functions, family office support, and retirement plan administration.

In addition to the Heritage Financial deal, Savant also acquired Grand Capital Advisors. While specific asset figures for this second acquisition were not detailed, it further broadens Savant's national presence and strengthens its market penetration in key regions. These combined efforts push Savant Wealth Management's total assets under management to approximately $50 billion, distributed across more than 50 offices in 21 states.

This expansion marks a significant milestone for Savant, which was founded in 1986 and has historically pursued a dual strategy of organic growth and targeted acquisitions. CEO Brett Brodeski commented on the significance of these deals, particularly as the firm approaches its 40th anniversary. The RIA industry continues to witness a trend of consolidation, driven by the pursuit of operational efficiencies, expanded geographic footprints, and the ability to deliver a wider array of financial solutions to an increasingly sophisticated client base.