MCF Advisors Acquires Accredited Wealth Management

Kentucky-based registered investment advisor firm MCF Advisors, has acquired Louisville, KY-based Accredited Wealth Management, which oversees about $178 million in total client assets. 

MCF Advisors’ addition expands the firm’s presence in Louisville and enhances MCF’s financial planning and investment management capabilities. 

Accredited Wealth Management, founded in 2014 by managing partners Steve Giacobbe and Shawn Clark, provides “tailored” financial planning and wealth management solutions to high-net-worth clients. 

The team also includes senior financial planner Brad Fisher and senior client associate Monica Williams, per MCF’s website. 

As part of the acquisition, which closed on December 12, Giacobbe and Clark will become senior financial advisors and partners. 

The entire Accredited Wealth Management team will transition to MCF, boosting the firm’s total assets under management to $3.9 billion, MCF said. 

This acquisition marks MCF’s first transaction following an undisclosed equity investment from Wealth Partners Capital Group and HGGC in March. 

“This partnership is a significant step forward for MCF, marking its first transaction and building on the firm’s presence in Louisville,” Nick Trepp, partner and head of corporate development at WPCG, said. “WPCG is proud to support MCF as the firm broadens its reach and positively impacts more clients, families, and institutions with its tailored wealth management solutions.” 

Prior to the investment from WPCG and HGGC, MCF Advisors had been wholly owned by its employees, according to its Form ADV Part 2 brochure. 

MCF Advisors, which launched in 2004, was founded by president Bob Sathe and CEO Dave Harris, oversees about $3.3 billion in assets under management across 5,193 accounts, according to its latest Form ADV updated in October.

Pictured: Steve Giacobbe (Left) and Shawn Clark (Right)