Waverly Advisors Buys $465M Wealth Management Firm  

Waverly Advisors has bought an Ohio-based wealth management firm, expanding the firm’s regional presence across the state. 

Blue Ash, OH-based Brass Tax Wealth Management, which oversees $465 million in assets under management, provides financial planning, portfolio management, investment management, pension services, consulting, and wealth-related seminars and workshops, according to the firm’s latest Form ADV. 

Brass Tax Wealth Management includes partner and wealth advisor Neal Schulte, who has been in the financial services industry for more than 40 years. Schulte has also launched two practices, Schulte & Uhrig, CPAs in 1982, and Schulte Financial Group in 2003, according to Waverly Advisors. 

Brass Tax was launched by Schulte’s son, Nick, and daughter, Leah, Waverly stated. 

“Waverly’s commitment to its clients was a key factor in the decision to join the firm,” Schulte said. “By partnering with Waverly, the team has gained access to enhanced technology and back-office capabilities, allowing us to focus on providing clients with a more comprehensive and personalized experience.” 

Financial terms of the transaction, which closed on Sept. 12, were not disclosed. 

Brass Tax marks Waverly’s 26th transaction, following its acquisition of Sarasota, FL-based Fiduciary Wealth Advisors, which oversees $110 million in client assets, a Waverly spokesperson confirmed to Connect Money. 

Waverly sold a stake to HGGC’s Aspire Holdings platform in December 2021 and private equity investor Wealth Partners Capital Group. 

Pictured: Neal Schulte