KANA Private Wealth Group Completes Strategic Acquisition in Virginia

KANA Private Wealth Group Completes Acquisition

In a significant development within the financial landscape, KANA Private Wealth Group has officially finalized its acquisition of the advisory business of The Foley Group, a well-established firm based in Fairfax, Virginia. This merger marks a strategic move to bolster KANA's presence and service offerings in the highly competitive northern Virginia and Washington D.C. markets.

Founded in 1974 by Thomas L. Foley, The Foley Group has earned a stellar reputation for providing comprehensive financial services. Under the guidance of Thom J. Foley, who took over in 1991, the firm has consistently offered a wide range of services that includes tax preparation, accounting, investment management, and personalized financial planning. This acquisition is not just a business transaction; it represents a deep-rooted relationship between KANA’s founder, Mark H. Woodward, and Thom Foley, who have collaborated for nearly a decade.

Mark H. Woodward, who founded KANA Private Wealth Group in 2019, expressed his enthusiasm about this acquisition, stating, “Having worked with Thom and his clients for almost ten years, this partnership has proven invaluable. I am committed to not only honoring Thom’s legacy but also enhancing the financial well-being of his clients as he moves into retirement.”

The implications of this acquisition are far-reaching. KANA Private Wealth Group aims to leverage The Foley Group’s extensive expertise and client relationships to provide an enhanced suite of services. The firm is dedicated to a client-first approach, ensuring that the personalized needs and long-term financial goals of each individual client are met with tailored strategies and proactive advice.

KANA distinguishes itself by fostering meaningful relationships with its clients, taking an individualized approach to wealth management. By integrating The Foley Group’s ethos and services, KANA seeks to enrich its service offerings and present innovative financial strategies to a broader client base.

This strategic acquisition comes at a time when the demand for comprehensive financial advisory services is on the rise. Clients are increasingly looking for holistic financial solutions that encompass not only investment management but also tax planning and broader wealth management strategies. With this merger, KANA is well-equipped to meet those expectations.

The Foley Group’s diverse clientele includes franchise businesses, contractors, professional service providers, and real estate firms. By merging their operations with KANA, these clients will benefit from an expanded range of financial services and an enhanced focus on personalized wealth management.

As KANA continues to grow, the firm is committed to maintaining the core values that have guided its development thus far – integrity, client service, and proactive financial planning.

The official transition is set to be final, paving the way for an even stronger presence of KANA Private Wealth Group in the financial advisory space of Northern Virginia. The firm is looking forward to welcoming The Foley Group's clients into the KANA family and offering them unparalleled service and expertise.

For more information regarding KANA Private Wealth Group and their services, please visit their website or contact Mark H. Woodward directly.

Note: Securities are offered through Kestra Investment Services, LLC, a member of FINRA and SIPC. Investment advisory services are offered through Kestra Advisory Services, LLC, an affiliate of Kestra IS.