#United States #Los Angeles #Wealth Management #Signature Estate #Select Money Management

Signature Estate & Investment Advisors Expands National Footprint with $1.6 Billion Acquisition

Signature Estate & Investment Advisors (SEIA), a well-known name in wealth management, recently declared its intent to acquire Select Money Management (SMM), a prominent firm based in Aliso Viejo, California. This acquisition, valued at around $1.6 billion in assets under management, signifies SEIA's second-largest acquisition on record and is viewed as a pivotal step in the firm's growth strategy.

Growth Momentum and Strategic Expansion

The acquisition comes shortly after the appointment of Matt Matrisian as President of SEIA, emphasizing the firm's drive toward a more scalable, national platform for its advisers and clients. Since its partnership with Reverence Capital Partners in 2022, SEIA has been unearthing significant opportunities for mergers and national expansion, which reflects in the current deal with SMM.

The integration of SMM into SEIA's operations will amplify its presence in Southern California, adding an office in Orange County as well as 10 additional advisers and staff. Beyond just geographical expansion, this deal opens doors to a diverse client base that extends across the United States, ensuring SEIA can service a growing number of clients while maintaining a focus on continuity and relationship-building.

Unified Vision in Wealth Management

According to Matt Matrisian, the collaboration with Select Money Management aligns perfectly with SEIA’s mission of holistic wealth management and enhanced client care. SMM, known for its double-digit growth rates and specialization in faith-based investing and financial strategies driven by values, complements SEIA’s expansive range of services offered under its portfolio. This partnership is seen as a natural fit, with both firms sharing similar values and visions for the future.

Tony Amaradio, the Founder and Chief Strategist of SMM, highlighted that this collaboration ensures that existing clients will continue to work with trusted advisers, now with the added benefit of SEIA’s expanded resources. He notes that this initiative is predicated on long-term client care and stability, factors crucial for servicing families for generations.

Enhancing Client Resources and Capabilities

As part of the acquisition, SEIA will introduce AssetMark as a new custodial partner. This move not only fortifies SEIA’s existing efforts but also enriches the resources available to both advisers and clients, promoting a deeper level of engagement and service. The firm is poised to thrive, now comprising a network of 28 offices and over 200 employees, which significantly boosts its national reach alongside advisory capabilities.

SEIA has established a robust growth strategy aimed at surpassing $30 billion in assets under advisement, with aspirations of hitting the $100 billion mark within the next five years. This ambitious plan incorporates various methods – including recruiter development, culturally aligned firm acquisitions, and a focus on internal expansions within its operational model.

With this transaction, SEIA continues to solidify its position as a leader in the wealth management space while preserving its commitment to cultural integrity and a client-first focus, having earned accolades such as Financial Planning's “52 Best RIAs to Work For” and a commendable ranking on Barron's 2024 Top RIAs list.

Vision for the Future

As SEIA embarks on this transformative journey, the prospects for both firms look promising. The merger embodies a commitment to an enduring partnership that extends its capabilities and resources while supporting the needs of advisors. This dedication to cultural alignments and sustainable growth marks a new chapter for both SEIA and SMM.

Advisors interested in learning more about partnership opportunities and SEIA's extensive resources can visit their website at seia.com/advisors.

About SEIA

Founded in 1997 and headquartered in Los Angeles, California, Signature Estate & Investment Advisors is dedicated to providing comprehensive management, financial planning, and estate tax planning. With support from Reverence Capital since 2022, SEIA is firmly committed to benefiting the communities it serves through responsible investment practices and charitable contributions.

About Select Money Management

Established in Aliso Viejo, California, Select Money Management operates as a registered investment advisor, offering comprehensive wealth management services that prioritize values-driven financial planning. As it integrates into SEIA, the firm will continue to serve its clients with the same trusted advisors while leveraging SEIA's expansive platform to enhance its service capabilities.