Adviser Investments and Polaris Wealth Advisory Group to Join Forces - Adviser Investments

Adviser Investments and Polaris Wealth Advisory Group to Join Forces

April 12, 2022

Adviser Investments, LLC (“Adviser Investments” or “Adviser”) and Polaris Wealth Advisory Group (“Polaris”), today announced they are combining their businesses to create a national financial planning advisory firm offering comprehensive services through a transparent, fiduciary-only model.

Together, Adviser and Polaris currently manage nearly $10 billion in client assets. More than 135 planning and support professionals provide service to thousands of clients across all fifty states.  The partnership will create a complementary combination of services, including comprehensive financial planning and low-cost portfolios of actively managed mutual funds, ETFs, tactical investment strategies and select alternative investments.

“We are working to deliver value for our clients and our employees,” said Dan Wiener, chairman and co-founder of Adviser Investments. “By leveraging each organization’s strengths and sharing our best practices in wealth management, we can deliver even greater services to all of our combined clients.”

Polaris founder Jeff Powell added: “We found an excellent partner in Adviser Investments, both culturally and strategically. The combination of our businesses will expand the solutions and services we can offer to our clients and better equips us to extend our footprint into major financial centers across the United States.”

Founded in 1994, Adviser Investments provides tailored, full-service financial planning and wealth management to individual investors, trusts, foundations and institutions designed to meet their investment and financial planning goals. Over the last decade, the firm has expanded both organically and through targeted partnerships. In 2011, Adviser joined forces with Kobren Insight Management and in 2017, added Braver Wealth Management to the team.

Since its founding in 1998, Polaris Wealth Advisory Group has grown rapidly. Today, the firm operates across six states and has been recognized nationally; and focuses on providing innovative portfolio management and high-touch client service and financial planning capabilities.

The management of Adviser and Polaris will own the combined firm in partnership with Summit Partners, a leading global growth equity investment firm. In 2020, Summit made a growth capital investment in Adviser to support its national expansion. In 2021, Adviser added Whit Shofner and Brian Hazan to lead corporate development and integration. Shofner and Hazan join from Access Information Management and Emigrant Partners, respectively.

“Adviser Investments has a strong history of partnering with like-minded fiduciaries with growth ambitions and client-centric business models. The combined advisory team of Adviser and Polaris serves a growing client base that includes entrepreneurs, teachers, family offices and retirement plans,” said Matt Hamilton, a Managing Director at Summit Partners and board director at Adviser Investments. “This combination with Polaris creates a class-leading firm that we believe has the resources to deliver independent advice to a national client base.”

Alec Rosen, VP of Corporate Development for Adviser Investments, added: “We look forward to enhancing our business and our service delivery through similar strategic combinations and are actively looking to partner with teams that share our vision to create the top, full-service fiduciary wealth management firm in the U.S.”

Adviser Investments is routinely named among Barron’s top independent financial advisers, the Financial Times‘ 300 Top Registered Investment Advisers, and has been consistently chosen as one of the best places to work in financial services in national and regional surveys.

About Adviser Investments

Adviser Investments is a full-service wealth management company, offering investment managementfinancial and tax planningmanaged individual bond portfolios, and 401(k) advisory services. We’ve been helping individuals, trusts, institutions and foundations since 1994, and have thousands of clients across the country and over $7B in assets under management. Our portfolios encompass actively managed funds, ETFs, socially responsible investments and tactical asset allocation strategies. We are experts on Fidelity and Vanguard mutual funds. We take pride in being The Adviser You Can Talk To.

To discuss partnership opportunities with Adviser Investments, please contact, Alec Rosen at (617) 559-3424 or arosen@adviserinvestments.com.

About Polaris Wealth Advisory Group

Polaris Wealth Advisory Group, located in San Rafael, California, offers a full suite of wealth management services to clients while pairing in-depth comprehensive planning with proprietary tactical investment management services. Polaris’ roots date back to the summer of 1998, when Jeff Powell founded the firm. Currently, Polaris works with more than 1,400 clients, representing almost $2B in assets under management. Polaris offers 18 unique, tactical portfolios to clients and takes great pride in serving families and investors from all walks of life.

To learn more about Polaris Wealth Management, please contact, Jeff Powell at (415) 263-5600 or jpowell@polariswealth.com.

 


Awards and recognition referenced above do not evaluate client experience or investment returns, nor are such a guarantee of future performance or satisfaction. Adviser Investments did not pay a fee to participate in the awards referenced herein.

The Barron’s America’s Best Independent Advisors (awarded to Adviser Investments, LLC 2013-2020) ranking considers factors such as assets under management, revenue produced for the firm and quality of practice as determined by Barron’s editors. The award sponsor has not disclosed how many firms were surveyed or considered for this recognition, nor the percentage of total participants that ultimately received recognition. Prior to 2019, the award was called the Barron’s Top 100 Independent Wealth Advisors.

The Barron’s Top Advisor Rankings by State (Massachusetts) (also referred to as Barron’s Top 1,200 Financial Advisors) (awarded to Adviser Investments, LLC 2014-2021) considers factors such as assets under management, revenue produced for the firm, regulatory record, quality of practice and philanthropic work. According to Barron’s, “around 4,000” advisory firms were considered for this recognition in 2021, with about 1,200 firms receiving recognition.

The InvestmentNews Best Places to Work for Financial Advisers award (awarded to Adviser Investments, LLC 2018-2021) is conducted in partnership with employee survey firm Best Companies Group. Winners are selected based on a two-part survey completed by employers and employees. Employers report their organization’s workplace policies, practices and demographics. Employees complete a survey designed to measure the employee experience in areas such as leadership and planning, pay and benefits, corporate culture and communications, and work environment. Scores from the employee survey represent three-quarters of the weight of the final rankings. Firms do not pay a fee to participate. To be eligible for the award, a firm must be a registered investment adviser or broker-dealer, have been in business for at least one year and have at least 15 full-time employees. In 2018, 50 firms were named to the list; in 2019–2022, 75 were named. The award sponsor has not disclosed how many firms were surveyed or considered for this recognition, nor the percentage of total participants that ultimately received recognition.

The Financial Times 300 Top Registered Investment Advisers is an independent listing produced annually by Ignites Research, a division of Money-Media, Inc., on behalf of the Financial Times (awarded to Polaris Wealth Advisory Group, LLC, 2020). The FT 300 is based on data gathered from RIA firms, regulatory disclosures, and the FT’s research. The listing reflected each practice’s performance in six primary areas: assets under management, asset growth, compliance record, years in existence, credentials and online accessibility. Over 750 qualified firms applied for the award, 300 of which were selected (40%). This award does not evaluate the quality of services provided to clients and is not indicative of the practice’s future performance. Neither the RIA firms nor their employees pay a fee to The Financial Times in exchange for inclusion in the FT 300. Polaris Wealth Advisory Group was formerly known as Polaris Greystone Financial Group.

 

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