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Financial Advisory  + RIAs & Financial Advisors  | 
Creative Planning Scoops $1B Memphis RIA with Focus on Larger Deals

Creative Planning Scoops $1B Memphis RIA with Focus on Larger Deals

Creative Planning, one of the country’s largest registered investment advisors (RIA) with $225 billion in managed assets, is establishing a footprint in Tennessee with the acquisition of Telarray Advisors, a Memphis-based RIA that manages approximately $1 billion in client assets with 18 employees.

Founded in 2005 and steered by Richard Paessler, President and Chief Compliance Officer, Telarray is a fee-only firm that specializes in estate planning, tax management strategies, executive compensation and risk management.

The Telarray acquisition for Overland Park, KS-based Creative Planning, which is minority-owned by private equity firm General Atlantic, is the first in seven months.

“It was evident from very early on in our discussions that Telarray’s attention to detail, prioritization of clients’ needs, and overall work ethic would make a great addition to our team,” said Peter Mallouk, CEO of Creative Planning, who has lef the firm since 2004.

Last year, Creative Planning closed 12 acquisitions totaling about $15 billion in, including the $5 billion Wipfli financial Advisors deal in August.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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