Creative Planning Adds $1B Pennsylvania RIA

Hot on the heels of its acquisition of the $29 billion Goldman Sachs Personal Financial Management division, which is expected to close in the fourth quarter, mega-registered investment advisor (RIA) Creative Planning has acquired Kistler-Tiffany Advisors, a Berwyn, PA-based RIA that manages over $1 billion for high-net-worth families.

Terms of the deal were not disclosed.

The 13-person Kistler-Tiffany team, led by managing partners Andy Reder, James Arnold, David Kovach and Michael Connor, is the fourth to join Creative Planning this year.

“Joining Creative Planning is a monumental step forward,” stated Andy Reder, managing partner at Kistler-Tiffany Advisors. “Our shared vision of comprehensive financial planning and personalized client care finds an ideal partner in Creative Planning’s innovative approach.”

Kistler-Tiffany is an independent fiduciary that has focused on fee-based financial planning services to clients and families for nearly five decades.

Creative Planning, located in Overland Park, KS, is majority owned by CEO Peter Mallouk and has increased its dealmaking in recent years. As of July 1, the firm has $245 billion in assets under administration and advisement, having sold a minority position to private equity firm General Atlantic in early 2020.