Pure Financial Advisors Expands Reach with Acquisition of Personal Investment Management, Inc.

Pure Financial Advisors Strengthens Its Position with Strategic Acquisition

In a significant expansion move, Pure Financial Advisors, LLC, a prominent player in the financial advisory industry, has recently acquired Personal Investment Management, Inc. (PIM). This acquisition marks a key milestone for Pure, enhancing its capabilities and clientele in the Pacific Northwest.

A Legacy of Financial Service

Founded over 40 years ago, PIM has built a reputable standing within the financial advisory landscape, particularly serving clients within Washington state's higher education system. Its well-established history allows Pure to tap into a wealth of experience and a loyal customer base, primarily located in Seattle and its neighboring areas.

Pure Financial Advisors aims to leverage PIM’s extensive expertise in financial, investment, and tax planning to offer enhanced services tailored to meet diverse client needs. According to Dominic Knauf, Managing Partner at Pure, welcoming PIM's talented team represents a strategic step towards delivering increased support and services not only to the new team members but to the existing clientele as well.

"This acquisition is a crucial part of our growth strategy, enhancing our footprint in Seattle and expanding our reach in the Pacific Northwest," said Knauf. "We are determined to uphold our mission of providing financial education and advice to everyone in need."

Enhanced Resources for Clients

The merger provides PIM with improved resources that include direct access to Pure’s advanced planning tools and dedicated departments focused on tax, strategy, and investment. This collaboration promises to refine the service quality for PIM's clients, aligning with Pure’s ethos of enriching the financial well-being of families and individuals across the nation.

Christopher Reedy, CEO of PIM, emphasized that this acquisition was not driven by pressure but rather by a goal to enhance their technical capabilities and foster career advancement opportunities for staff. After an exhaustive search for the right partner, Reedy noted that Pure demonstrated the ideal alignment with their client-service philosophy and offered the necessary infrastructure for seamless integration.

A Growing Portfolio of Acquisitions

This acquisition marks Pure's fifth strategic purchase in just three years, mapping a path for steady growth while expanding their services and capabilities. Abbas Hasan, Chief Operating Officer at Pure, expressed pride in their organic growth strategy over the past decade. He noted, "With the backing of our capital partners and our value-driven approach, we are witnessing increasing interest from firms and advisors wanting to join our journey."

Pure Financial Advisors, bolstered by its partnerships with Lee Equity Partners and Emigrant Partners LLC, remains committed to continuous growth. Jenny Souza, President and CEO of Emigrant Partners, commended Pure’s thoughtful approach to mergers and acquisitions, highlighting how the combination of organic and inorganic growth strategies distinguishes them within the financial services sector.

The Future Looks Bright

Looking ahead, Pure anticipates announcing more deals similar to the acquisition of PIM. As of December 31, 2024, PIM reported approximately $567 million in regulatory assets under management, further enhancing Pure’s overall asset management capabilities, which now exceed $7.39 billion.

With ten offices throughout the Western and Central U.S., Pure Financial Advisors is positioned to provide its comprehensive, fee-only financial planning and advice to more than 5,500 families. Recognized for its commitment to impactful financial education and services, Pure has secured numerous accolades and rankings within the industry.

As this acquisition unfolds, both Pure and PIM are set to embark on a new chapter that promises to significantly benefit their clients, driving further success in the realm of financial advisory services. The financial landscape will be keenly watching as Pure continues to establish its presence in the market, armed with the wealth of expertise that PIM brings into the fold.