Cary Street Partners Acquires $360M IFS Advisors, Bolsters Florida Presence 

Cary Street Partners, a Richmond, VA-based registered investment advisor managing $10.7 billion in assets, has acquired IFS Advisors, Inc., a Sarasota, FL-based wealth management firm led by financial advisor Daniel J. Wolff. This marks Cary Street’s second acquisition of the year and establishes its 20th office nationwide, complementing its existing Tampa location. 

IFS Advisors, previously affiliated with Osaic for 14 years, manages approximately $360 million in client assets. The acquisition enhances Cary Street’s Florida footprint, bringing expanded technology, resources, and capabilities to IFS’s clients.  

“This is more than a business decision—it’s about what’s best for our clients,” said Wolff.  “I knew this was the right move to ensure our clients continue to receive world-class service with even more resources behind them.”  

“Dan’s values, client-first mindset, and deep roots in the community perfectly align with our mission,” added Joseph R. Schmuckler, CEO of Cary Street Partners. ’This partnership represents not just growth, but meaningful alignment around service, trust, and long-term value for clients.”  

The move integrates IFS into Cary Street’s growing network, which spans Virginia, Texas, New Jersey, Tennessee, North Carolina, South Carolina, and Florida. The acquisition follows Cary Street’s recent private equity investment, signaling its aggressive expansion strategy. Wolff and his team, with over 30 years of collective experience, will leverage Cary Street’s advanced technology and support to enhance client services.