Chamber630: Savant Wealth Management To Acquire Michigan-Based AMDG Financial And AMDG Business Advisory Services. Transaction Marks Sa ...

Press release from the Chamber630:

Jun 29, 2021

ROCKFORD, Ill. (June 29, 2021) — Savant Wealth Management, a nationally recognized, fee-only wealthmanagement firm headquartered in Rockford, announced it has entered into an agreement to acquireAMDG Financial (FAS), a fee-only RIA serving nearly 300 clients, and AMDG Business Advisory Services(BAS), a tax and accounting firm. Both businesses are located in Plymouth, Michigan. The acquisition willexpand Savant’s national footprint and mark the firm’s formal entry into the Michigan market. In addition,the deal challenges the conventional M&A approach by demonstrating Savant’s commitment to building aculture of excellence and growth, as well as its desire to partner with firms interested in growing,addressing succession planning needs, and enhancing the value proposition they offer to clients, teammembers, and the communities they serve.

In 2019, Savant announced a proactive and innovative approach to RIA acquisitions, assembling a team ofseasoned M&A leaders to assist with its acquisition strategy and goal of improving a million lives in 25years. This innovative M&A approach, combined with a unique capital structure, has enabled Savant tosustain a competitive advantage in securing lasting partnerships with firms seeking an alternative to RIAaggregators and short-term “roll-up” firms backed by private equity.

“Unlike traditional M&A approaches, Savant seeks partnerships that blend culture, talent, and expertise tomake us – and the RIA industry – better,” said Brent Brodeski, CEO of Savant. “AMDG Financial is aprospering independent RIA with a focus on integrating tax, financial and investment strategies with AMDGBusiness Advisory Services. The firm’s founding partner, Wayne Titus, CPA/PFS, AIFA®, shared with usAMDG’s vision to provide additional resources to clients and growth opportunities to employees. We were impressed by AMDG’s talented team and commitment to clients and knew a partnership could benefit all ofour clients, Savant and AMDG.”

“In talking with Brent and others at Savant, we realized we share common core values and cultures, as wellas investment and client service philosophies,” said Titus. “Joining Savant also appeals to our vision of beingimpactful to our community by expanding our reach as well as the types of services we can provide to ourclients, such as in-house estate planning and trust services.”

With assets under management of nearly $250 million, AMDG Financial has served the greater Detroit areaalong with AMDG Business Advisory Services since 2002. The firms’ employees join Savant’s team of morethan 200 employees, with AMDG’s five equity partners joining as owners. Savant serves more than 6,500clients and manages $10.5 billion in assets.

“Savant’s M&A philosophy is different from the transactional deals you typically see throughout the RIAindustry,” said Kevin Hrdlicka, chief operating officer and the M&A integration process lead at Savant. “Thisis intentional as we seek partners with new perspectives and areas of expertise that complement our work.We don’t want to be known as the biggest RIA. We want to be known as the best RIA in the nation.”

For more information about Savant Wealth Management, visit savantwealth.com.

About AMDG FAS-BAS HoldingsAMDG FAS-BAS Holdings owns AMDG Financial, a fee-only fiduciary RIA, and AMDG Business AdvisoryServices PLC, a tax and accounting firm providing tax preparation, payroll and bookkeeping services. AMDGFinancial manages approximately $250 million in assets for clients, and was one of the first 10 firms globallyto be certified by the Centre for Fiduciary Excellence1 (www.cefex.org/advisor) as following global best practices for investment advisor fiduciaries. The companies’ credo is, “From financial wisdom, betterstewardship.”

This press release was produced by the Chamber630. The views expressed here are the author’s own.