Savant Wealth Management Acquires Baril Advisors
Baril Team to Join Savant’s Lincolnshire, IL Office
Savant Wealth Management has acquired Baril Advisors LLC, a financial planning and investment advisory services firm based in Buffalo Grove, IL. With approximately $99 million in assets under management and two employees, Baril Advisors serves 41 clients and will share Savant’s Lincolnshire office location. Savant did not disclose the terms of the deal, which closed Nov. 30.
Baril Advisors is Savant’s fifth acquisition of 2022. Previous 2022 transactions include Virginia-based Alliant Wealth Advisors, which closed on June 30, Iowa-based RIA World Trend Financial and tax consulting firm Terry Lockridge & Dunn, both of which closed on Sept. 30., and SFG Investment Advisors, which closed Oct. 30. Including Baril Advisors, Savant has added assets of more than $1.1 billion in inorganic growth this year, as well as new offices in Iowa and Pennsylvania, bringing Savant’s total number of office locations to 25.
“We are pleased to welcome Scott Baril, CPA/PFS, MBA, CFP®, and Michele Bush, CFP®, to the Savant family,” said Brent R. Brodeski, CPA, CFP®, CFA®, MBA, founder and CEO of Savant. “Scott and Michele primarily serve high-net-worth clients, who will now also benefit from the additional services, including tax and estate planning, Savant can provide.”
“Joining Savant was a win-win, not just for our clients, but also for our firm,” said Baril, who founded his firm in 2006. We now have the ability to focus on growth, without also having all the additional complexities of operating a small business.”
Baril will become a member-owner in Savant, joining more than 110 employees who are also owner-members. Savant now employs more than 325 people.
Certified Financial Planner Board of Standards Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the U.S., which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.