The Relaxing Retirement Coach, Inc. To Join Savant Wealth Management
– Boston Area-Based Firm adds $483 Million AUM, Six Employees –
Savant Wealth Management announced the upcoming acquisition of The Relaxing Retirement Coach, Inc., a fee-only, fiduciary RIA firm located in Wellesley, MA, with $483 million in assets under management (AUM) and six employees. The acquisition marks Savant’s first in New England, and its fifth of the year. Terms of the deal, which is expected to close on June 30, were not released.
Founded in 2003 by Jack Phelps, The Relaxing Retirement Coach, Inc., has a mission to help dedicated savers prepare for and navigate the complex transition from their working years to their retirement years. Phelps, who will become an owner-member in Savant, is also the author of The Relaxing Retirement Formula: For the Confidence to Liberate What You’ve Saved and Start Living the Life You’ve Earned.
“We were looking for a partner who aligned with our core values and long-term plans,” said Phelps. “Savant not only shares our values, planning-first philosophy, and commitment to act as a fiduciary; it also has the ability to help us scale our operations and significantly enhance our range of services with tax planning, estate planning, and trust services designed to help our clients live the lives they’ve earned,” he added.
“Jack is a thought-leader who has built a unique and successful business helping people pursue their retirement goals. We were impressed by the community Jack and his team have built, and we are excited to join forces to continue their growth in New England,” said Brent Brodeski, CPA, CFP®, CFA®, MBA, CEO of Savant Wealth Management.
In 2023, Savant has expanded its footprint to include offices in Georgia, South Carolina, and greater Pennsylvania, as well as Massachusetts. In total, Savant, headquartered in Rockford, IL, has 32 offices in 12 states, and expects to continue its expansion with additional acquisitions this year.
Advisor Growth Strategies, LLC an M&A advisory and management consulting firm for RIAs served as transaction advisor for The Relaxing Retirement Coach, Inc.