Monday, July 25, 2022
HomeWealth ManagementArtistic Planning Acquires $755M AUM Ferris Capital

Artistic Planning Acquires $755M AUM Ferris Capital


Ferris Capital, a registered funding advisory agency primarily based in Southborough, Mass., has joined Overland Park, Kan.–primarily based Artistic Planning, one of many largest RIAs within the nation and among the many most energetic acquirers in its subject.

Based by CEO/CIO David M. Ferris, Ferris Capital brings $775 million in property beneath administration and extends Artistic Planning’s presence to the Boston space. The ten-year-old agency manages generational wealth, succession planning, funding administration, actual property, retirement planning, non-public fairness and extra.

“It was evident from the very starting that the core values at Ferris Capital aligned with our core values right here at Artistic Planning,” mentioned Artistic Planning CEO Peter Mallouk. “They’re planning led, share our funding method and have the identical penchant for development that’s in Artistic’s DNA.”

“It’s clear to everybody in our group that our capacity to serve our shoppers will probably be considerably enhanced due to the world-class group that Peter has assembled at Artistic over a few years,” Ferris mentioned. “Peter’s imaginative and prescient and dedication to clear fiduciary investing with low-cost index funds, coupled with tax and planning consultants, CPAs and attorneys, made this a straightforward determination to broaden our choices to shoppers on the East and West Coasts. 

“Working with Artistic will higher allow us to advise shoppers on altering market situations,” he added.

With this newest acquisition, Artistic Planning now manages or advises on over $225 billion in property throughout all 50 states and in 65 nations. Within the first quarter of 2022, Artistic acquired the $100 billion AUA scaled retirement agency Lockton Retirement Providers—nearly doubling property claimed on the finish of final 12 months—and has continued plans for development all through 2022.

“We are going to proceed to search for matches just like the Ferris group that may assist us complement our natural development and speed up our tempo towards changing into a number one nationwide wealth administration agency,” Mallouk mentioned.




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