In a major business deal, a Bucks County financial advisor was recently acquired by a major wealth management firm from out of the state.

Savant Wealth Management, based out of Illinois, has acquired SFG Investment Advisors, a Doylestown-based RIA firm specializing in working with senior-level executives at publicly traded companies. The Bucks County business has six employees and approximately $286 million in assets under management. Savant did not release the terms of the deal, which closed Oct. 31.

“Our strategy for exponential growth involves seeking talented partner firms with a desire to grow, expand their services to clients, and add value to our firm,” said Brent R. Brodeski, founder and CEO of Savant. “SFG Investment Advisors has a unique niche, managing the personal wealth of Fortune 500 executives at the top of their professions. We are pleased to add this team to our deep bench of specialists who already serve executives and professionals with wealth, estate, and tax planning.”

Chuck Steege and Matthew Witter, owners of SFG Wealth Planning, will become member-owners in Savant. In addition, both Steege and Witter hold the Certified Equity Professional, or CEP, certification, and will be the first two Savant employees to hold the designation.

“When we embarked on our search for a strategic partner, we were looking for a large, fee-only RIA with greater resource capacity and a commitment to financial planning,” said Steege. “Savant understands and appreciates the work we do with our senior-level executives, and we were impressed by the firm’s willingness to support our niche clients with the best-in-class services they deserve.”

The CEP credential is offered exclusively by the Certified Equity Professional Institute at Santa Clara University. The certification program can take 14 months or more to complete, and includes a rigorous education, exam, and experience requirement to ensure candidates demonstrate a comprehensive knowledge of equity compensation.

In May, Savant announced a long-term growth plan that included making significant investments in top- tier talent, technology, acquisitions, marketing, and practice management. Fueled by a 2021 strategic minority investment from Kelso & Company, a North American-focused, middle-market private investment firm, Savant invested $3 million in Lumiant, an Australian fintech firm, earlier this year. It also strengthened its advisory leadership team and accelerated the pace of acquisitions in 2022.

“This is an exciting time for Savant,” said Brodeski. “We believe our firm’s ideal future lies at the intersection of growth and excellence, and we are eagerly making strides to achieve our goals in both areas.”

Learn more about the acquisition at Savant Wealth Management.