Los Angeles-based Signature Estate & Investment Advisors (SEIA), a hybrid registered investment advisor, will acquire Select Money Management, making it SEIA’s second-largest acquisition. 

Aliso Viejo, CA-based Select Money Management, which oversees $1.6 billion in assets under management, marks SEIA’s expansion into the Southern California market, with an office located in Orange County, Aliso Viejo, with 10 additional advisors and staff members. 

Select Money Management, launched in 2010 by president Carin Amaradio, provides portfolio management and investment management services for high-net-worth individuals and businesses, according to the firm’s latest Form ADV updated in August. 

Following SEIA’s latest addition, the firm has added AssetMark as a custodian partner, along with third-party custodians Charles Schwab and Fidelity. Currently, SEIA has 28 offices and over 200 employees and follows a 1099 affiliation model in addition to its W-2 employee model, Matt Matrisian, president of SEIA, said to Connect Money. 

SEIA, which is led by CEO and founding partner Brian Holmes, plans to reach a targeted goal of $100 billion in assets under management over the next five years. The firm is also executing a “three-pronged” approach, which includes “advisor recruitment and development, acquiring culturally aligned firms, and enabling internal expansion through its hub-and-spoke model,” to generate long-term growth throughout the firm. 

“Select Money Management shares our vision of holistic wealth management and long-term client care,” Matrisian said. “Like SEIA, they have achieved impressive growth by combining sophisticated financial strategies with a full-service platform that supports clients across investments, planning, and beyond.” 

This acquisition marks SEIA’s first deal for the year and third deal since launching its M&A strategy in 2023. Last May, SEIA added Cleveland, OH-based Cedar Brook, which manages about $2 billion in client assets. 

For the transaction, Greenberg Traurig LLP was legal counsel to SEIA, and Transaction Legal Services served as legal counsel to Select Money Management.

Pictured: Tony Amaradio