CW Advisors, the Boston-based registered funding advisor acquired final yr by Osaichas made its second acquisition since that transfer for fee-only RIA Rovin Capital, which operates out of places of work in Lehi, Utah, and Mesa, Ariz.
The acquisition expands CWA’s presence within the western U.S. whereas bringing over complete consumer belongings below administration and advisement of $849 million.
Rovin, which can sundown its identify and undertake the CW Advisors model, is led by Markell Staffieri. He took over as CEO and president from his father and agency founder, Michael Staffieri, in 2025, based on the agency’s web site. Michael Staffieri stays chairman of the RIA, which has 15 workers, together with six advisors.
“Becoming a member of CWA permits us to raise the service we offer to our shoppers with enhanced consumer options and entry to expanded assets,” Markell Staffieri stated in an announcement.
Scott Dell-Orfano continues to run CWA below Osaic possession, which has emphasised it as an RIA channel for advisors seeking to go fee-only. Dell-Orfano was no stranger to acquisitions, having been a serial acquirer when it was backed by Audax Non-public Fairness earlier than the Osaic acquisition.
After the Rovin deal, CWA has 23 places of work, together with a brand new one in Utah and its second in Arizona, and $16 billion in AUM.
Missouri-Primarily based Osaic Advisors to Merge Companies
In separate information, two wealth managers utilizing Osaic’s supported 1099 advisor mannequin are set to merge to create a agency overseeing $500 million in consumer belongings, headquartered in Sundown Hills, Mo.
Butler Associates Monetary Planners, led by Jason Sturm, and Shore Group Advisors, led by Jon Shore, are teaming up below the identify Shore Group.
With the transfer, Shore will turn into CEO of the merged advisory, and Sturm shall be CFO. Whereas the duo shall be based mostly within the Midwest, the agency will serve shoppers throughout the nation, together with Florida and the Pacific Northwest, based on the announcement.
Shore began as an advisor with Edward Jones in 2012, then moved to Wells Fargo, and at last arrange store with Osaic in 2021. Sturm has been an advisor with an Advisor Group affiliation since 2016, with that dealer/seller model changing into Osaic in 2023.
The 2 advisors met by means of their Osaic affiliation. In line with the announcement, they will even search so as to add advisors “making ready for succession, retirement or apply transitions.”
Butler Associates had been based mostly in St. Louis, and Shore Group was based mostly in Kirkwood, Mo.
