Waterloo Capital Acquires Stake in Austin-based Ironclad Wealth in Hometown Play

Waterloo Capital, L.P., a registered investment adviser based in Austin with nearly $2.3 billion in assets under management, announced it has acquired an equity stake in Ironclad Wealth, an Austin-based advisory practice.

The two firms officially joined forces on July 1 and will operate under the Waterloo Capital name.

The partnership is designed to provide Ironclad Wealth’s clients with access to Waterloo Capital’s institutional-grade infrastructure. This includes advanced financial planning, institutional asset management, and dedicated family office services. For Waterloo Capital, the transaction deepens its local presence and supports its ongoing strategy of disciplined, advisor-focused growth.

“By partnering with Waterloo Capital, we are able to bring institutional-level asset management, advanced financial planning, and family office services to the families we serve here in Austin and beyond,” Mark McAdams and Steven Livitz, principals of Ironclad Wealth, said in a joint statement.

John Chatmas, chief executive officer of Waterloo Capital, noted that the acquisition strengthens the firm’s ability to serve the local community.

“Ironclad Wealth has built an outstanding reputation and a loyal client base right here in our backyard,” Chatmas said. “By combining their track record with our infrastructure, we can help more families plan for retirement in a thoughtful manner and bring institutional asset management to the individual investor.”

The financial terms of the equity transaction were not disclosed. Both firms emphasized that the integration will focus on maintaining continuity for existing clients while introducing enhanced wealth management capabilities.