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Peter Mallouk, Creative Planning President and CEO

Industry Spotlight > Mergers and Acquisitions

Creative Planning Adds $1.4B Advisory Firm

By Janet Levaux

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Creative Planning says it is acquiring Kistler-Tiffany Advisors.

Kistler-Tiffany Advisors, based in Berwyn, Pennsylvania, has seven financial advisors and $1.38 billion of assets under management. A key focus area is on business succession planning for high-net-worth clients and their privately held enterprises.

“Their commitment to nurturing relationships and leveraging creative talents aligns with our client-centric philosophy,” said Peter Mallouk, Creative Planning’s CEO.

The acquired group’s “unparalleled expertise in wealth management, estate planning and business succession, combined with their dedication to personalization, perfectly complements our mission of delivering holistic financial solutions,” Mallouk added.

As of July 1, Creative Planning’s AUM topped $245 billion. The firm, based in Overland Park, Kansas, manages about $110 billion for private clients and the remainder for retirement plans and institutional clients. In late August, the RIA struck a deal with Goldman Sachs to buy the former United Capital wealth business, which includes about $29 billion in assets under supervision, from the bank.

See: Has Mallouk Nailed It With Goldman Sachs Deal?

“Joining Creative Planning is a monumental step forward,” Andy Reder, managing partner at Kistler-Tiffany Advisors, said in a news release. “Our shared vision of comprehensive financial planning and personalized client care finds an ideal partner in Creative Planning’s innovative approach.”

The advisory firm’s other managing partner, Mike Conner, added that the group continues to grow and understands “the importance of finding scale quickly.”

After it conducted a “thorough search,” Conner explained, the firm “recognized the immense potential that would be realized by combining our specialized expertise with Creative Planning’s extensive resources. We immediately enhance our services and capabilities to deliver unparalleled value to current and future clients.”

(Pictured: Peter Mallouk. Credit: Janie Jones)

Janet Levaux

@Think_JanetL

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