Creative Planning, an Overland Park, Kansas-based registered investment adviser managing $100 billion, has acquired Paradigm Financial Advisors, an RIA managing $600 million in Des Peres, Missouri.
Paradigm’s advanced planning expertise and plans to hire additional attorneys and accounts will be used to accelerate growth and to create a new “hub” in St. Louis that will provide estate planning, tax planning and tax preparation services for Creative Planning clients in the Midwest, the company said in a release.
Jim Reding, the owner of Paradigm, has become an equity partner with Creative Planning and he will serve as managing director of the St. Louis office.
In January, Creative Planning continued its buying spree, announcing the purchase of Reilly Financial Advisors, a registered investment advisory firm in La Mesa, California, with $2 billion in assets under management. The firm bought a $300 million Ohio RIA earlier last month and an $800 million AUM Illinois advisory firm in late November. In early November, Creative Planning bought Lockton Retirement Services’ 401(k) business.
Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.
The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.
Integrated Partners is adding a husband-wife tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
