Waverly Advisors Acquires InVista Advisors for $332M in AUM
Waverly Advisors, an Alabama-based registered investment advisor (RIA), has acquired InVista Advisors, a hybrid RIA previously affiliated with LPL Financial. The acquisition adds approximately $332 million in assets under management to Waverly's total of $35.6 billion and marks its fifth location in Alabama. InVista’s eight-person team, including partners Carl 'Brandt' McDonald Jr., Austin Barranco, Michael Barranco, Lisa Free, Mary Kathryn Smith, Chad Conoly, Jacqueline Costner, and Tina McDowell, has joined Waverly and severed ties with LPL Financial. Waverly's CEO Justin Russell highlighted the strategic value of expanding its presence in Alabama to better serve clients across the state. The acquisition is part of a broader growth strategy that includes 35 transactions since December 2021 following equity investments from Wealth Partners Capital Group and HGGC’s Aspire Holdings platform. This follows Waverly's June acquisition, which added $250 million in assets.
Topics: acquisitions RIA growth wealth management