Waverly Advisors Acquires Planning Capital Management 

Waverly Advisors, LLC has acquired Planning Capital Management Corp., a Paoli, PA-headquartered investment advisory firm, establishing its presence in the greater Philadelphia area. 

Financial terms of the deal, which closed on December 13, will not be disclosed. 

Founded by Richard (“Rick”) Bell Jr. in 2001, Planning Capital serves high-net-worth individuals, institutions and non-profits. The entire Planning Capital team joins Waverly. 

“Planning Capital’s holistic approach to comprehensive financial planning and wealth management aligns with ours and we are thrilled to have them join the Waverly team,” said Justin Russell, president of Waverly. 

The acquisition marks Birmingham, AL.-based Waverly’s 20th transaction since receiving backing from RIA investor Wealth Partners Capital Group and private equity firm HGGC in December 2021. The transaction, which expands the firm’s footprint to 12 states, increases Waverly’s assets under management to approximately $15.9 billion.  

The firm most recent acquisition was Buckingham Advisors, an investment advisory firm based in Dayton, OH with more than $900 million in assets, in the middle of November. At the beginning of the month, Waverly announced the acquisition of Mueller Financial Solutions, Co., a Canon City, CO-based investment advisory firm.