Emigrant Partners Takes Minority Stake in Keen Wealth Advisors
Emigrant Partners has made a minority, non-voting investment in Keen Wealth Advisors, an Overland Park, Kansas-based advisory firm managing approximately $1.3 billion in assets.
Founded in 2014 by CEO Bill Keen, the firm provides comprehensive planning services, including retirement, tax, estate and investment management, as well as risk management. Keen has also developed a strong niche within the architecture, engineering and construction (AEC) sectors, positioning itself as a specialized advisor within those industries.
The partnership reflects Emigrant’s strategy of backing high-growth, independent RIAs while allowing them to maintain operational autonomy. Keen will continue to operate independently, with no changes to its leadership team, advisory staff or client service model.
“Keen’s business has been built with intention from the ground up, always with a foundation of organic growth and exceptional client service,” said Jenny Souza.
Keen emphasized continuity for clients as a core component of the transaction. “The people we serve today are the reason we’re here, and nothing about this partnership changes that,” said Bill Keen. “Our team, our process, and our commitment to the families we work with are all staying exactly the same.”
Financial terms of the deal were not disclosed.
Emigrant Partners currently holds minority stakes in 21 firms overseeing a combined $115 billion in assets.
Houlihan Lokey served as exclusive financial advisor to Keen, while Godfrey & Kahn acted as legal advisor.