Aspiriant Finalizes Acquisition of Deloitte Investment Advisors

Transaction gives leading wealth management firm eight offices nation-wide and $7 billion under management/advisement

SAN FRANCISCO--()--Aspiriant, the leading independent wealth management firm in the US, today announced that it has completed its transaction to acquire Deloitte Investment Advisors (DIA), a fee-only registered investment advisory group owned by Deloitte Tax LLP. With this expansion, Aspiriant adds approximately 40 employees and six offices across the country, serves nearly 800 clients and has more than $7 billion in assets under management and advisement. Besides its current offices in San Francisco and Los Angeles, Aspiriant now has offices in New York, Boston, Cincinnati, Minneapolis, Milwaukee, and Detroit. Terms of the agreement were not disclosed.

“We believe in a collaborative, partnership-oriented approach for growing Aspiriant, and this transaction embodies that,” said Rob Francais, CEO of Aspiriant. “Among firms that express interest in joining us, we look for four distinctive culture traits when considering them: a common investment philosophy, a dedication to client service, a commitment to building a permanently independent organization, and supporting and nurturing the careers of outstanding employees.” Aspiriant has pioneered a model of employee ownership of the firm since 1991, and is 100 percent owned by key employees. This model will continue in the expanded firm.

“This acquisition is in keeping with our long-term strategy to remain the leading independent wealth management firm that can provide expanding benefits to clients and serve their wealth management needs for generations,” said Francais.

About Aspiriant

Aspiriant is the leading independent wealth management firm in the U.S., with more than $7 billion of assets under management and advisement. It provides a full-range of wealth management services for some 800 individual and family office clients throughout the country. It has 125 employees in offices in San Francisco, Los Angeles, New York, Boston, Cincinnati, Minneapolis, Milwaukee, and Detroit. Unlike many other wealth-management firms, Aspiriant is 100 percent owned by key employees, which ensures its long-term stability and independence.

Contacts

for Aspiriant
Kim Kellogg or John Lopez
510-635-4150 or 415-517-9760

Release Summary

Aspiriant finalizes acquisition of Deloitte Investment Advisors. Acquisition gives Aspiriant national foot print with eight offices across the U.S. including Boston, New York, and the Great Lakes.

Contacts

for Aspiriant
Kim Kellogg or John Lopez
510-635-4150 or 415-517-9760