In a strategic move to bolster its presence in the U.S., Waverly Advisors, LLC (“Waverly”), a renowned registered investment advisor, has confirmed the acquisition of Rainsberger Wealth Advisors (“Rainsberger”), based in Colorado Springs, CO. This acquisition has further expanded Waverly’s footprint, adding to their recent extensions in Texas, Mississippi, and now Colorado. Waverly has had long-standing operations in Alabama, Georgia, and Florida.

Rainsberger’s Legacy and Transition

Established in 1990 by Bud Rainsberger, Rainsberger Wealth Advisors embarked on its journey with an aim to fortify the financial futures of its clients, ensuring they enjoyed peace of mind. In the new structure post-acquisition, Bud will transition into the role of Waverly Regional Director for both Denver and Colorado Springs. Bud’s seasoned team will also seamlessly integrate with Waverly.

Josh Reidinger, CEO of Waverly, expressed his enthusiasm, “Waverly is thrilled to enter the Colorado market with Bud and his team. As we drive our mission of strategic growth, joining forces with respected entities like Rainsberger is invaluable. Their team’s dedication to excellent client service aligns perfectly with ours.”

Echoing the sentiment, Bud Rainsberger added, “The potential partnership with Waverly resonated with our core values, especially their commitment to clients and the larger community. It quickly became apparent that joining Waverly would be a promising move for Rainsberger.”

Waverly’s Ambitious Growth Strategy

This acquisition is a significant milestone for Waverly, marking their ninth since securing an equity investment in December 2021 from entities including Wealth Partners Capital Group (“WPCG”) and HGGC’s Aspire Holdings. This strategic partnership has fueled Waverly’s aggressive M&A-centric expansion, enabling the company to have a presence in six U.S. states. The firm is optimistic about sustained growth, given its robust M&A trajectory.

Mac Selverian, WPCG Principal, emphasized the synergy between the companies, stating, “Bud’s unwavering focus on his clients and team indicates a profound cultural harmony between Rainsberger and Waverly. This bond forms a robust foundation for Waverly’s Colorado venture.”

The Impact on Assets Under Management (AUM)

Concluded on October 20, 2023, the Rainsberger acquisition has significantly enriched Waverly’s AUM by $302 million, propelling the company’s total AUM to an impressive approximate of $7.4 billion. Specific financial and legal details regarding the deal remain undisclosed.

  Bud Rainsberger, Colorado, Colorado Springs, Josh Reidinger, Mac Selverian, Rainsberger Wealth Advisors, USA, Waverly Advisors