WA Asset Management acquires $270 million RIA
![WA Asset Management](https://s32566.pcdn.co/wp-content/uploads/2022/04/Merger-MA-951x634.jpg.optimal.jpg)
Both WA Asset Management and the firm it acquired, Clark Financial Advisors, are based in Birmingham, Alabama.
WA Asset Management, a Birmingham, Alabama-based registered investment adviser managing $4.3 billion, has acquired Clark Financial Advisors, an RIA firm that manages $270 million and is also based in Birmingham.
The acquisition is the first that WA Asset Management has made since it received an equity investment in December from Wealth Partners Capital Group and HGGC.
[More: Will 2022 see an RIA white whale — a mega mega-deal?]
Learn more about reprints and licensing for this article.