Clearstead Advisors Acquires The Clarius Group

Clearstead Advisors Acquires Waveland Family Office

January 31, 2025

Financial Services

Clearstead Advisors, a Cleveland-based RIA backed by Flexpoint Ford, has acquired the assets of Waveland Family Office LLC, a northern Chicago suburban family office with approximately $420 million AUM. The deal closed January 31; Waveland’s six employees will join Clearstead and principals Allen C. Berg and Dennis Zaslavsky will join as equity partners, expanding Clearstead’s Midwest presence and capabilities.

Flexpoint Ford Acquires Majority Stake in Clearstead Advisors

October 8, 2021

Financial Services

Flexpoint Ford has agreed to acquire a majority stake in Clearstead Advisors, a Cleveland-based registered investment advisor with approximately $29 billion in assets under management and advisement. The investment, which will see current investor Rosemont Investment Partners exit its minority stake, is intended to accelerate Clearstead's organic growth and strategic acquisitions and is expected to close by year-end subject to regulatory approval.

Clearstead Advisors Acquires Avalon Trust

March 1, 2023

Wealth Management

Clearstead Advisors has acquired Avalon Trust, a Santa Fe-based wealth management and trust firm, expanding Clearstead's presence in the Southwest and bolstering its trust capabilities. Avalon — which manages approximately $2 billion in assets and has 13 employees — will join Clearstead's platform, with Avalon leaders becoming partners and the combined firm overseeing roughly $28 billion in assets under advisement and management.

Stout Acquires The Claro Group, LLC

October 1, 2022

Consulting

Stout acquired The Claro Group, LLC, a financial, economic, and management consulting firm, adding a team of 92 professionals and expanded capabilities in insurance claims, economic consulting, and restructuring. The transaction became effective October 1, 2022 and represents Stout's fourth acquisition since Audax Private Equity invested in the firm.

Clearstead Advisors Acquires Scott Snow (financial advisors) LLC

August 1, 2022

Wealth Management

Private equity–backed Clearstead Advisors has acquired Scott Snow (financial advisors) LLC, an eponymous Westlake, Ohio wealth management firm founded by Scott Snow. The add-on transaction expands Clearstead’s private wealth management capabilities and adds roughly $530 million to the firm’s assets under advisement as it grows its inorganic acquisition program.

True North Advisors Acquires Clear Rock Advisors

September 17, 2024

Financial Services

True North Advisors, a Dallas-based registered investment adviser with $3.9 billion AUM, has acquired Clear Rock Advisors, a Texas wealth management firm managing approximately $470 million in AUM with offices in Dallas, Austin and Kerrville. The acquisition — True North’s first since entering a strategic growth partnership with Wealth Partners Capital Group and HGGC’s Aspire platform — expands True North’s presence in the Texas market and adds Clear Rock’s private-investor-focused client base.