Massachusetts-Based Heritage Financial Joins Savant Wealth Management
The $3.9 Billion Deal Marks Savant’s Largest Partnership to Date
Key Facts at a Glance
- Partner firm: Heritage Financial Services
- Headquarters: Westwood, MA, with offices in Woburn and Rockland
- Number of Employees: 47
- Assets under management: $3.9 billion
- Leadership: Charles Bean, III, CLU®, ChFC®, Founder and Chairman; Sammy Azzouz, JD, CFP®, President and CEO
- Ownership: Majority employee-owned
ROCKFORD, Ill. (Mar. 3, 2026) – Savant Wealth Management, a fee-only registered investment adviser (RIA), announced it has partnered with Heritage Financial Services, a Massachusetts-based wealth management firm with $3.9 billion in assets under management (AUM) and offices in Westwood, Woburn, and Rockland. The partnership, Savant’s largest to date, brings together two majority employee-owned firms and expands Savant’s existing footprint in Massachusetts, where it already operates an office in Wellesley. Savant did not disclose the financial terms of the deal, which closed Feb. 27, 2026. Turkey Hill Management facilitated the transaction between Heritage and Savant.
Of Heritage’s 47 employees, 15 have joined Savant as member-owners, including Founder and Chairman Chuck Bean, and President and CEO Sammy Azzouz, as well as three team members who were not previously shareholders of Heritage. The rest of the Heritage team became Savant employees at closing.
Bean, who founded Heritage in 1995, became familiar with Savant through industry groups and study forums. “Through our collaborations, we learned that we share a common planning and investment approach, as well as the same disciplined, client-centered philosophy. While we had an internal succession plan already in place at Heritage, we determined that partnering with Savant would enable us to expand the services we can offer clients, such as tax preparation, trustee services, enhanced estate planning, and family office services,” he said.
Azzouz also pointed to the importance of creating opportunities for Heritage’s team members through the partnership. “We believe Savant is a great home for our team, and we’re excited for our team’s ability to grow and specialize,” he said. “As a majority employee-owned firm ourselves, we were pleased to find another RIA with this unique business model that shared our values and had a similar culture.”
“I’m thrilled to welcome such a talented team to Savant,” said Brent Brodeski, CFP®, CPA, CFA®, MBA, founder and CEO of Savant Wealth Management. “As we celebrate 40 years in business, it’s especially meaningful to mark this milestone with our largest partnership to date. I first met Chuck more than a dozen years ago, and over time we’ve built a relationship rooted in mutual respect and shared values. Aligning with like-minded firms like Heritage is central to our mission to create one million ideal futures for our clients, team, and the communities we serve, while preserving the culture and service our clients value.”
With the addition of Heritage Financial, Savant’s footprint continues to grow in the New England area with four offices in Massachusetts. Nationally, Savant has 50 offices in 21 states.
Frequently Asked Questions About the Savant/Heritage Partnership
What is the relationship between Savant Wealth Management and Heritage Financial?
Heritage Financial joined Savant as part of a long-term partnership focused on continuity for clients and employees, and alignment around shared values and long-term objectives.
Will Heritage continue to operate as a separate firm?
No, Heritage becomes a part of Savant and operates under the Savant name. The integration is designed to be seamless for clients and employees. Clients of Heritage will continue to work with their current advisory team.
Who will lead the Heritage team following the acquisition?
The same team that led Heritage prior to joining Savant will continue to lead offices in Westwood, Woburn, and Rockland, MA.
How many offices does Savant have in Massachusetts?
With the addition of Heritage Financial, Savant has offices in Rockland, Wellesley, Westwood, and Woburn serving the greater New England area.
How will the client experience change?
We believe this partnership will help enhance, not change, the client experience. Clients will continue to receive the personal, attentive service they know and trust, working with their existing advisory teams, in the same office locations, now complemented by access to Savant’s broader resources and planning capabilities.
About Savant Wealth Management
Savant Wealth Management is a leading independent, nationally recognized, fee-only firm serving clients since 1986, with approximately $42.3 billion in assets under management and $1.7 billion in assets under advisement (as of Feb. 28, 2026). As a fiduciary advisor, Savant provides investment management, comprehensive financial planning, retirement plan services, and family office solutions to financially established individuals and institutions.
Savant also offers corporate accounting, tax preparation, payroll, and consulting services through its affiliate, Savant Tax & Consulting, and estate planning document preparation and related legal services through its affiliated law firm, Savant Legal LLP.
Savant is a registered Investment advisor. Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. Neither rankings and/or recognitions by unaffiliated rating services, publications, media, or other organizations, nor the achievement of any professional designation, certification, degree, or license, or any amount of prior experience or success, should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Savant is engaged, or continues to be engaged, to provide investment advisory services. Please read our Important Disclosures at savantwealth.com.