Savant Wealth Management Acquires Sortino Advisory Partners
Louisville, KY Firm Specializes in Longevity and Care Planning
ROCKFORD, Ill. (Nov. 19, 2024) – Savant Wealth Management, a fee-only registered investment adviser RIA, announced the acquisition of veteran-owned Sortino Advisory Partners, a Louisville, KY-based, fee-
only RIA with $239 million in assets under management and $135.7 million in assets under advisement. Savant did not disclose terms of the deal, which closed Sept. 30.
Sortino Advisory Partners’ principals, Daniel J. Hutcherson, CAIA®, CIMA®, AIFA® and Stephen A. Heitz, AIF®, CRPS®, joined Savant as financial advisors, managing directors, and member-owners. Hutcherson, a U.S. Marine Corps veteran and gerontologist with expertise in identifying and protecting vulnerable clients, has spent his career helping individuals and families navigate complex financial planning and healthcare decisions. In addition to financial planning, Heitz works with closely held business owners and senior executives on the intricacies of retirement, estate, and charitable planning, as well as aging care strategies.
“We recognize that clients and their families experience many kinds of life events and stages with the potential to upend their financial, physical, and mental health,” said Brent Brodeski, CPA, CFP®, CFA®, MBA, founder and CEO of Savant Wealth Management. “Savant’s business model enables us to partner with firms with specialized knowledge to support our team approach to working with clients. Danny and Stephen are qualified to help clients navigate issues like the financial strain of caring for elderly parents, the need for personalized solutions, and the emotional toll that caregivers undergo as they support aging family members.”
Hutcherson, who co-founded Sortino Advisory Partners, holds an M.S. with distinction in translational health sciences from the University of Oxford, an M.A. in gerontology from the University of Southern California, and a B.S. in business administration degree in finance from the University of Louisville. He is a Chartered Alternative investment AnalystSM Charterholder, a Certified Investment Management AnalystSM, and an Accredited Investment Fiduciary Analyst®. Heitz, who holds a B.A in economics from Bellarmine University, is an Accredited Investment Fiduciary® and a Chartered Retirement Plans SpecialistSM.
“We were impressed by Savant’s desire to curate a deep bench of multi-disciplinary specialists who can help advisors guide clients through especially challenging life transitions and events, like caring for older parents,” said Heitz.
“Most families go through these critical life experiences without the tools and resources they need to make informed decisions. Savant is committed to going beyond surface-level knowledge to help bring a deeper, personalized support offering to client families during these transitions,” Hutcherson added.
Savant has made three acquisitions in 2024, including California-based Kemp Financial, and Michigan-based BDK financial. The firm now has 42 offices in 17 states.
About Savant Wealth Management
Savant Wealth Management is a leading independent, nationally recognized, fee-only firm serving clients for over 30 years with approximately $30 billion in assets under management and assets under advisement (as of 11/15/2024). As a trusted advisor, Savant Wealth Management offers investment management, financial planning, retirement plans, and family office services to financially established individuals and institutions. Savant also offers corporate accounting, tax preparation, payroll and consulting through its affiliate, Savant Tax & Consulting, and estate planning document preparation and other 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.