Credent Wealth Management Marks Growth in Michigan with TFG Advisors Acquisition

Credent Wealth Management Expands Its Michigan Presence

In a significant move to enhance its footprint in Michigan, Credent Wealth Management, a fee-only Registered Investment Advisor (RIA) based in Indiana, announced the successful acquisition of TFG Advisors. This strategic partnership not only strengthens Credent's operational capacity in the region but also brings its total assets under management (AUM) to approximately $4 billion.

Details of the Acquisition

The acquisition, which includes offices located in Auburn Hills and Ann Arbor, Michigan, adds about $420 million in assets to Credent’s portfolio. TFG Advisors is well-regarded for its planning-led, client-first philosophy, effectively serving around 400 clients inclusive of business owners, retirees, and high-net-worth individuals. The firm operates with a dedicated seven-member team, including key principals such as George Barnhart, Terry Hirsch, and Paul Reile, who will transition seamlessly into their new roles within Credent.

David Hefty, CEO of Credent Wealth Management, expressed enthusiasm about the merger, stating, "The alignment of our cultural values, deeply rooted in client service and an emphasis on financial planning, makes this an exciting opportunity for both our clients and teams. TFG Advisors exemplifies the midwestern values we cherish, and we eagerly anticipate what we can achieve together."

Client-Centric Enhancements

As a result of this acquisition, TFG clients can expect to maintain their trusted relationships while gaining access to an array of comprehensive services provided by Credent. These services include enhanced financial planning and innovative investment strategies that have institutional level advantages. Credent’s reputation for multigenerational and family-focused wealth management dovetails perfectly with TFG Advisors' philosophy, ensuring clients receive the best possible care.

Furthermore, the partnership also guarantees continuity for TFG’s founding partners' long-term succession plans, ensuring that the next generation of advisors will have ample opportunities to grow and thrive in this newly expanded network. Credent plans to invest further in TFG's Ann Arbor office, recognizing its community roots and potential for continued growth in the region.

George Barnhart, Managing Partner at TFG Advisors explained, "This partnership is focused on ensuring that our clients receive top-tier services while also paving the way for future growth. The cultural fit with Credent was key to our decision; their values resonate strongly with our approach to client care and professional ethics."

A Strategic Growth Approach

This acquisition represents Credent’s eighth partnership in just three years, illustrating the firm’s continuous strategy to grow intentionally and sustainably. By collaborating with like-minded advisors who prioritize individual client relationships and personalized planning, Credent aims to establish itself as a 'forever firm' dedicated to operational excellence and impactful client service.

Credent Wealth Management began in 2018 and operates under the ethos of a human-centric approach to investment and planning, allowing for transparent and commission-free financial strategies. Their rapid growth is marked by ten strategic acquisitions, underscoring their commitment to providing advisors a supportive transition as they build their succession frameworks.

In 2024, Credent was recognized by Forbes as one of the top RIA firms in the country, signaling its robust position within the financial services landscape.

Clients and interested firms that wish to learn more about potential partnership opportunities with Credent are encouraged to visit JoinCredentWealth.com for details.

Conclusion

The acquisition of TFG Advisors is a pivotal move for Credent Wealth Management as it expands its reach and service capabilities within Michigan. This partnership not only reflects the growing need for comprehensive wealth management solutions but also underlines Credent’s commitment to fostering strong, lasting relationships with clients, rooted firmly in a shared vision for the future.