Naviter Repurchases Minority Stake from WAGN 

Naviter Wealth, a $1.3 billion independent registered investment advisory firm, has bought back the minority ownership held by Wealth Advisor Growth Network (WAGN). 

WAGN, an investor and consultant to financial services firms, supported the establishment of Naviter Holdings LLC, the parent company of Naviter, in January 2021 with a minority stake. WAGN is managed by former Envestnet executives Jay Hummel and John Phoenix. 

CEO Bentley Blackmon and President Phillip Worthen founded Naviter Wealth after breaking away from Stephens, Inc. to be an independent firm and act as a fiduciary free from the constraints and bureaucracy common within traditional banks and broker-dealers. 

Naviter Wealth’s services include asset management, banking and lending, trust services, risk management and insurance, and portfolio administration and reporting for ultra-high-net-worth and family office markets. 

In less than five years, Little Rock, AR-based Naviter Wealth has achieved substantial growth, including through the acquisition of Echelon Wealth Advisors in 2023.  

During this time, Naviter Wealth also launched Naviter Trust, a service focused on helping families grow and protect generational wealth through trusts; developed a strategic partnership with Frost, PLLC Certified Public Accountants; and launched an affiliate program with other financial and private equity firms, attorneys, and accountants. 

“Our mission at WAGN is to help independent advisors accelerate growth and realize their full potential by providing the tools, strategic support and capital that we know will get them there,” said Jay Hummel, Partner, WAGN.