Waverly Advisors Acquires McBride Financial Advisors

RIA Waverly Advisors has acquired a Washington-based wealth management firm, expanding the RIA’s presence in the Pacific Northwest region.

Seahurst, WA-based McBride Financial Advisors, established in 1998 by founder Michael McBride, offers financial planning, investment management, retirement planning, and estate and tax planning to high-net-worth clients, including corporate executives, professionals, and business owners.

As part of the acquisition, which closed on March 13, McBride has joined Waverly as a wealth advisor, the firm said.

“McBride’s mission has always been to provide responsive and personalized services grounded in trust and transparency,” McBride said. “Partnering with Waverly allows me to remain consistent in my client service approach, while benefiting from added resources that enhance my ability to support my clients’ complex planning needs.”

McBride Financial manages $170 million across 498 accounts for 93 clients, according to the firm’s Form ADV updated in March.

Waverly’s latest addition marks the firm’s second deal in the Pacific Northwest for the year and 31st overall, following its acquisition of Lake Oswego, OR-based Pure Portfolios in January.

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

Birmingham, AL-based Waverly Advisors, founded in 1999, oversees $30.4 billion in assets as of March 16, and has more than 420 professionals working out of 47 offices across the United States.

Pictured: Michael McBride