Savant Wealth Management Acquires California, Michigan RIAs
Kemp Financial Management and BDK Financial Services will Join Savant in 2024
Savant Wealth Management announced it has acquired Kemp Financial Management, a fee-only RIA based in Fullerton, CA, with approximately $255.2 million in assets under management (AUM), and BDK Financial Services of Brighton, MI, with approximately $52.4 million in AUM. Both acquisitions closed Sept. 30. Savant did not disclose the terms of either deal.
Savant’s partnership with Kemp Financial Management, a comprehensive wealth planning firm founded in 1988, marks the firm’s first acquisition in California. Led by founder and CEO Robert Kemp, the Orange County-based RIA has four employees. Kemp joins Savant as a member-owner.
“Our goal has always been to be excellent at what we do. We believe joining Savant will help us provide our clients and team members with a best-in-class experience, as well as fuel our opportunity for continued growth. We look forward to helping our clients take advantage of the many in-house services Savant has to offer,” said Kemp.
BDK Financial, owned by Donald G. Wylin, CFP®, provides financial planning, wealth management, and estate planning services. The firm will tuck into Savant’s existing office in Plymouth, MI. Wylin also joins Savant as a member-owner.
“Kemp Financial Management and BDK Financial Services bring us to three acquisitions in 2024,” said Brent Brodeski, CPA, CFP®, CFA®, MBA, founder and CEO of Savant. “After 11 transactions in 2023, we have been focused on integration for the first half of this year, but are ramping up to continue our inorganic growth in the second half of 2024. We are excited to have these two firms join us, and proud to add California to our growing footprint.” With the Kemp Financial Management acquisition, Savant now has 42 offices in 17 states.
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.