Savant Wealth Management, a registered investment adviser firm, has lured a Tennessee-based advisory firm, boosting its presence in the Southeastern region. 

Knoxville, TN-based APC Financial Planning, founded in 1975, oversees about $497.8 million in assets under management. The firm joined Savant on December 31 and added six additionalteam members to Savant’s roster. 

Joe Ottaviano, president of APC Financial Planning, purchased the firm in 2021 and joined alongside financial advisor Adam Kornegay, Savant said. 

Ottaviano stated his team joined Savant because APC was seeking a “long-term succession plan” to “ensure continuity” for its clients and employees. 

“Joining Savant allows our team access to greater resources and operational support for our clients while preserving the personalized service we’ve built over decades,” Ottaviano said. “We wanted a partner that could provide expanded capabilities, including estate planning, trust services, and tax planning.” 

The acquisition marked Savant’s sixth transaction for 2025, following its acquisition of St. Paul, MN-based RIA PrairieView Partners, which manages over $1.2 billion in total client assets, marking Savant’s first acquisition in Minnesota. 

In 2021, Kelso & Company, a middle-market private investment firm, purchased an undisclosed strategic minority investment in Savant, forming a partnership that will enhance Savant’s M&A footprint and growth strategies, the firm stated. 

Rockford, Ill-based Savant Wealth Management, founded in 1986, manages $37 billion in assets under management and $1.3 billion in assets under advisement and operates in 47 offices across 21 states, the firm said.

Pictured: APC Financial Planning