Wealth Management Acquisitions in Indiana
Indiana Wealth Management M&A Themes
Indiana wealth management acquisitions often focus on scaling advice platforms—either by adding independent RIAs to a national sponsor’s ecosystem or by expanding advisory capabilities tied to retirement plans and family-office services. Recent deals across Indiana, United States highlight both buy-side growth and capability “add-ons,” from minority investments to full acquisitions.
Across the transactions, repeat buyer names include Creative Planning LLC, Wealth Enhancement, Allworth Financial, SageView Advisory Group, Aquiline Capital Partners LP, and CAPTRUST Financial Advisors. Acquirers commonly bring operational resources (custody, technology, reporting, and back-office support) while preserving the target firms’ advisory model.
The page also reflects geographic adjacency effects within the Midwest. Several acquirers use Indiana as a foothold—building a broader regional footprint into neighboring markets—while targets contribute established local teams and client asset bases under the buyer’s platform.
What Stands Out
- Recurring acquirers across Indiana include Creative Planning, Wealth Enhancement, Allworth Financial, SageView Advisory Group, and Aquiline Capital Partners LP.
- Deal structures range from minority growth investments (e.g., Elevation Point’s investment in Forta Wealth Partners) to acquisitions that transition teams onto broader platforms (e.g., Kestra Financial and national RIA platforms).
- Capability themes show up repeatedly: independent RIA integration, expanded Midwest presence, institutional retirement consulting expansion, and family-office services delivery.
- Several transactions emphasize client and team continuity—such as keeping leadership and staff in place and/or integrating investment operations with a new platform.
| Buyer (examples) | Target/asset focus | What it changes |
|---|---|---|
| Elevation Point | Forta Wealth Partners (independent RIA growth) | Launch/scale an independent RIA with support and resources |
| Wealth Enhancement | Guidance Wealth | Adds an Indiana advisory team to a national platform |
| Aquiline Capital Partners LP | SEI family office services business (Archway) | Expands family-office outsourced services and reporting |
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January 29, 2026
- Buyer
- Elevation Point
- Target
- Forta Wealth Partners
- Industry
- Wealth Management
- Location
- Indiana, United States
- Type
- Growth capital
Elevation Point has made a minority growth investment in Forta Wealth Partners, enabling the Indianapolis-based advisory team to launch an independent RIA with access to custodial, technology, and capital resources. Forta, a trade name of Elevation Point Wealth Partners, brings more than $900 million in client assets carried over from its prior Merrill Lynch practice and will benefit from Elevation Point’s support and Goldman Sachs custody collaboration.
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- Buyer
- Apollon Wealth Management
- Target
- Sage Advisors
- Industry
- Wealth Management
- Location
- Indiana, United States
- Type
- Addon
Apollon Wealth Management has added Indiana-based registered investment adviser Sage Advisors to its national platform. The move expands Apollon's presence in the Midwest and gives Sage Advisors access to Apollon's operational capabilities while preserving the firm's client-first advisory model.
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November 6, 2025
- Buyer
- Wealth Enhancement
- Target
- Guidance Wealth, LLC
- Industry
- Wealth Management
- Location
- Indiana, United States
- Type
- Buyout
Wealth Enhancement has acquired Guidance Wealth, an independent registered investment advisor based in Elkhart, Indiana that oversees approximately $165 million in client assets. The acquisition closed on October 31, 2025 and increases Wealth Enhancement's total client assets to more than $125.1 billion while bringing the Guidance Wealth advisory team onto Wealth Enhancement's national platform.
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June 24, 2025
- Buyer
- Allworth Financial
- Target
- Salzinger Sheaff Brock, Sheaff Brock Investment Advisors
- Industry
- Wealth Management
- Location
- Indiana, United States
- Type
- Addon
Allworth Financial, a PE-backed national RIA headquartered in Folsom, California, acquired Indianapolis-based sister firms Salzinger Sheaff Brock and Sheaff Brock Investment Advisors, which together manage roughly $1.5 billion in assets. The add-on transaction expands Allworth’s Midwest presence, bolsters its investment capabilities, and pushes the firm’s total AUM/AUA to more than $30 billion.
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October 8, 2024
- Buyer
- Cerity Partners
- Target
- SBC Wealth Management
- Industry
- Wealth Management
- Location
- Indiana, United States
- Type
- Buyout
Cerity Partners is merging with SBC Wealth Management, a $1 billion Indianapolis-based advisory firm, to deepen its wealth management capabilities and expand its Midwest presence. SBC will operate under the Cerity Partners name, and MarshBerry served as SBC's exclusive financial advisor with Bose McKinney & Evans providing legal counsel.
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- Buyer
- Bluespring Wealth Partners, LLC
- Target
- Shelton Financial Group
- Seller
- Jeff Shelton (Founder and President)
- Industry
- Wealth Management
- Location
- Indiana, United States
- Type
- Buyout
Bluespring Wealth Partners, an acquirer and partner of wealth management firms, has acquired Fort Wayne-based Shelton Financial Group and transitioned Shelton's investment business onto the Kestra Financial platform. Shelton's team — which oversees nearly $500 million in client assets — joined Bluespring to gain back-office resources, succession support and access to the Kestra ecosystem.
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January 11, 2024
- Buyer
- SageView Advisory Group
- Target
- Palmer Retirement Consulting
- Industry
- Wealth Management
- Location
- Indiana, United States
- Type
- Addon
Newport Beach-based SageView Advisory Group has acquired Palmer Retirement Consulting, a Fort Wayne, Indiana advisory firm that serves institutional retirement plan sponsors and individual wealth management clients. The deal, which closed Dec. 15, 2023, brings Palmer's leadership and staff into SageView as part of SageView's ongoing strategy to expand its institutional retirement consulting capabilities under its partnership with Aquiline Capital Partners.
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January 1, 2024
- Buyer
- Waverly Advisors, LLC
- Target
- StrategIQ Financial Group, LLC
- Seller
- StrategIQ Financial Group, LLC
- Industry
- Wealth Management
- Location
- Indiana, United States
- Type
- Addon
Waverly Advisors, a Birmingham-based registered investment adviser, has acquired the investment advisory business assets of StrategIQ Financial Group, a Merrillville, Indiana RIA. The add-on deal increases Waverly's AUM by approximately $1.5 billion, expands its footprint into Illinois and Indiana, and is the firm's largest acquisition since beginning an M&A growth strategy.
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August 3, 2021
- Buyer
- MJ Insurance
- Target
- ProCourse Fiduciary Advisors
- Industry
- Wealth Management
- Location
- Indiana, United States
- Type
- Buyout
MJ Insurance has acquired ProCourse Fiduciary Advisors, a retirement plan advisory firm based in Carmel, Indiana. The deal — which closed June 30 — will keep ProCourse CEO Doug Prince and the full 13-person team in place and aims to integrate retirement advisory into MJ Insurance's broader employee benefits and total rewards services.
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April 27, 2021
- Buyer
- Creative Planning LLC
- Target
- Castle Wealth Advisors
- Industry
- Wealth Management
- Location
- Indiana, United States
- Type
- Buyout
Creative Planning LLC acquired Indianapolis-based Castle Wealth Advisors, bringing approximately $320 million in assets under management and adding Castle’s business valuation capabilities to Creative Planning’s wealth management platform. Castle, founded in 1973 by Gary Pittsford, has offices in Indianapolis and Naperville, Illinois; the deal expands Creative Planning’s client base and service offering.
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August 18, 2020
- Buyer
- Creative Planning, Inc.
- Target
- Miller Financial Management
- Industry
- Wealth Management
- Location
- Indiana, United States
- Type
- Buyout
Creative Planning Inc., a large independent Registered Investment Adviser based in Overland Park, Kansas, acquired Miller Financial Management, an RIA in Muncie, Indiana that managed approximately $150 million in client assets. The acquisition expands Creative Planning’s presence in Indiana and provides continuity and expanded resources for Miller Financial Management’s clients and team.
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June 10, 2020
- Buyer
- CAPTRUST Financial Advisors
- Target
- Lakeside Wealth Management
- Industry
- Wealth Management
- Location
- Indiana, United States
- Type
- Buyout
CAPTRUST Financial Advisors announced that Lakeside Wealth Management, a Chesterton, Indiana-based wealth management and retirement-plan advisory firm with $1.6 billion in assets under advisement, has joined CAPTRUST. The Lakeside team of 27 employees will take on the CAPTRUST name, expanding CAPTRUST's nationwide headcount and increasing its assets under advisement.
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Frequently Asked Questions
Which acquirers appear most often in Indiana wealth management deals?
Recurring buyers across the page include Creative Planning LLC, Wealth Enhancement, Allworth Financial, SageView Advisory Group, and Aquiline Capital Partners LP (along with other listed sponsors such as Elevation Point and Bluespring Wealth Partners).
Are Indiana deals focused more on acquisitions or minority investments?
Both appear. The page includes full acquisitions (such as Wealth Enhancement acquiring Guidance Wealth) and minority growth investments (such as Elevation Point investing in Forta Wealth Partners).
What kinds of wealth management capabilities are buyers adding in Indiana?
Common capability themes include integrating independent RIAs into broader platforms, expanding Midwest reach, building out institutional retirement consulting capabilities (e.g., via acquisitions like Palmer Retirement Consulting), and adding family-office services and reporting (e.g., Aquiline’s Archway platform).
Do these transactions typically keep target teams in place?
Several deals emphasize continuity, such as transitions that keep advisers and leadership roles with the target team and/or move investment operations onto the acquirer’s platform while preserving the advisory model.