Creative Planning Grows with Acquisition of Krivoshein

Creative Planning Grows with Acquisition of Krivoshein | McDaniels Financial

Creative Planning Expands Through Strategic Acquisition

In a significant move in the financial advisory landscape, Creative Planning, recognized among the nation’s largest registered investment advisors (RIAs), has successfully acquired Krivoshein | McDaniels Financial. This acquisition, finalized on October 31, 2024, incorporates a team of six experienced wealth management professionals from Krivoshein | McDaniels into Creative Planning’s extensive network.

Peter Mallouk, CEO of Creative Planning, expressed enthusiasm about the integration of Krivoshein | McDaniels into their family. He noted, "The team at Krivoshein | McDaniels Financial shares our commitment to providing trusted, tailored financial guidance. Their deep client relationships and client-centered approach align perfectly with our mission, and we're excited to welcome them to Creative Planning."

A Rich Legacy of Client-Centric Service

Founded in 2001 by Scott Krivoshein and joined by Kim McDaniels in 2011, Krivoshein | McDaniels Financial has built a reputation for delivering personalized financial services. The firm was renamed in 2021 to reflect its partnership and dedication to quality service. As of September 2024, the firm managed approximately $460 million in assets, catering to a diverse clientele that includes retirees, pre-retirees, families, women investors, and business owners.

The advisory firm boasts robust specialties in several areas of financial management, including retirement planning, investment management, estate planning, and even niche services like divorce financial planning. This diverse offering positions the team to meet varied client needs effectively.

Enhancing Value Through Access and Resources

Scott Krivoshein, now a Partner at Creative Planning, highlighted the importance of their client relationships, stating, "We're incredibly proud of the relationships we've built and the successes we've helped our clients achieve. By joining Creative Planning, we're gaining access to an outstanding network of talent, advanced technology, and extensive resources that will enhance the value we deliver to our clients."

Kim McDaniels echoed this sentiment, reinforcing the mutual benefits of this acquisition. As part of Creative Planning, they will have enhanced capabilities and resources to better serve their clients, thanks to the backing of a large, well-capitalized firm.

Continued Growth and Strategic Expansion

The acquisition of Krivoshein | McDaniels Financial marks the eleventh acquisition made by Creative Planning over the past two years, showcasing the firm’s strategic growth initiatives. The firm has been focused on broadening its geographic footprint and wealth management capabilities.

To facilitate this transaction, Creative Planning was advised by Kevin Geary and Brett Zaniewski of Decerno Advisors, while Katz Teller provided legal counsel to Krivoshein | McDaniels Financial. This careful consideration of advisory needs illustrates Creative Planning’s commitment to a thoughtful and strategic expansion plan.

About Creative Planning

Creative Planning, LLC is an independent wealth management firm offering a comprehensive array of services, including financial planning led investment management, retirement and estate planning, and tax planning. The firm’s robust operations extend across all 50 states and into 90 countries, managing combined assets that exceed $345 billion as of September 30, 2024.

As Creative Planning integrates Krivoshein | McDaniels Financial, clients can expect enhanced service delivery underpinned by a robust foundation of expertise and resources, solidifying Creative Planning's commitment to providing unparalleled financial guidance.