OnePoint BFG Wealth Partners Purchases $2B Chicago Practice 

OnePoint BFG Wealth Partners has acquired Chicago-based advisory practice Spahn Financial Partners, which oversees $2 billion in assets under management. 

Spahn Financial Partners, founded in 1994, is led by Kevin Spahn and partners Timothy Funke, Kyle DeRaedt, and Nirav Patel and was previously affiliated with Northwestern Mutual before joining OnePoint BFG. 

The team provides financial planning, portfolio management, retirement planning, wealth management, estate and legacy planning, charitable planning, and risk management, according to the team’s page on Northwestern Mutual. 

OnePoint BFG’s latest addition marks the firm’s largest transaction to date, boosting its total assets under management to over $15 billion. 

As part of the acquisition, Spahn Financial will be part of OnePoint BFG’s W2 advisor model, and all four partners will become equity holders in the firm. Additionally, the firm will gain access to OnePoint BFG’s operations, technology, and resources, the firm said. 

All 17 employees at Spahn Financial Partners will be transitioning to OnePoint BFG following the acquisition. 

OnePoint BFG first introduced its W2 structure earlier this year, which fosters alignment through financial advisor partnerships and enhances the firm’s enterprise value. 

“For more than three decades, our team has built lifelong relationships grounded in trust and personalized advice,” Spahn said. “Joining OnePoint BFG allows us to deepen those relationships while expanding the ways we can serve our clients through an independent wealth management platform designed specifically for clients like ours.” 

Earlier this year, OnePoint BFG, formerly known as Bleakley Financial Group, rebranded as the firm emphasized the need to address the increasing demand from clients on their varying financial requirements. 

RIA Rise Growth Partners made its debut strategic minority investment in the firm last August.

Pictured: Kevin Spahn