Waverly Acquires $900M Buckingham Advisors 

Waverly Advisors, LLC has acquired Buckingham Advisors, an investment advisory firm with more than $900 million in assets. The deal is Waverly’s second acquisition in Ohio in the past month following the acquisition of 9258 Wealth Management and adds four locations to Waverly’s national presence. 

Buckingham Advisors, based in Dayton, was founded in 1987 by Jay Buckingham. It provides tax and financial planning as well as investment management to high-net-worth families and business owners. Buckingham, who will be Waverly’s regional director with Jeff Groezinger, and his 38-person team will join the company. 

The team will also contribute to the creation of Waverly’s new business services and tax planning business line. Jeff Groezinger, a former Buckingham executive, will serve as managing director for Waverly Business Services. 

“Partnering with Buckingham means that Waverly gains a robust tax preparation and planning service line that will enhance our ability to serve our high-net-worth clients,” said Justin Russell, president of Waverly. 

The acquisition of Buckingham marks Birmingham, AL.-based Waverly’s 19th transaction since receiving backing from RIA investor Wealth Partners Capital Group and private equity firm HGGC in December 2021. The transaction, which closed on November 8, boosts Waverly’s assets under management to approximately $15.5 billion.