Modern Wealth Management (“Modern Wealth”), a registered investment advisory (RIA) firm founded to meet the evolving needs of today’s financial professionals and their clients, today announced an asset purchase agreement with Denver, Colorado-based Brown and Company, a wealth management practice overseeing approximately $1 billion in assets under management (AUM) that was previously affiliated with LPL Financial. As part of the transaction, the Brown and Company team will join Modern Wealth’s platform. This marks Modern Wealth’s second such deal in the past month.
The acquisition of Brown and Company gives Modern Wealth its first presence in Colorado, a key market in its growth strategy, while adding decades of experience delivering a family office-style client experience. Founded in 1988 by Mark Brown, CFP®, Brown and Company provides tailored services across investment and retirement planning, advanced tax and estate strategies, and philanthropic and charitable planning. It also delivers specialized support for business owners and corporate executives through its executive compensation and exit planning offerings. Working with more than 200 households, the firm serves business owners, entrepreneurs, executives and high-net-worth individuals in the greater Denver area and the Rocky Mountain region.
“As we considered the future of the firm, it was important to find the right home for our team — one that would support a thoughtful succession plan, preserve the best elements of our firm and help us elevate our capabilities,” said Brown, who joins Modern Wealth as Managing Director. “Modern Wealth stood out for its culture, capabilities and long-term vision. Joining them allows us to maintain the consistency and care our clients expect, while enhancing the personalized, high-touch experience that has defined our practice.”
Brown and Company’s full eight-person team will transition to Modern Wealth, including members of its leadership team: Danielle Berz, CFP®, Justin Cassida, MBA, CFP® and Jonathan Kuiter, MBA. Now operating under the Modern Wealth brand, its advisors will experience enhanced support in marketing, technology, compliance, human resources and operations, freeing up capacity to better serve clients. In addition, Modern Wealth’s ‘Organic Growth Hub’ sources, develops and nurtures high-quality new business leads before delivering them directly to its offices, driving organic growth and allowing advisors to focus on serving clients and building relationships.
“Mark and his team have built an impressive business defined by strong leadership, consistent growth and a foundation already in place to scale client service,” said Jason Gordo, President & Co-Founder of Modern Wealth. “With access to Modern Wealth’s resources, the team is well positioned to accelerate growth and expand the depth of services they deliver to clients in Denver, a key market that strengthens our position in the West and marks an important step in our expansion into Colorado.”
This asset purchase agreement was guided by Alaris Acquisitions. The Brown and Company transaction is Modern Wealth’s 21st acquisition to date and its second of the year, bringing total AUM to over $13 billion as the firm continues to establish offices in key markets across the country.
For more information about Modern Wealth and its comprehensive wealth management services, please visit modwm.com.
About Modern Wealth Management
Modern Wealth Management is a registered investment adviser (RIA) reimagining the delivery of financial advice. Co-Founded by former United Capital executives Gary Roth, Mike Capelle and Jason Gordo, Modern Wealth was designed to anticipate the needs of Americans at every stage in life by providing a full suite of wealth management services carried out by a team of experts specializing in financial planning, tax planning and preparation, estate planning and more. Strategically acquiring high-growth RIAs across the country, Modern Wealth establishes regional offices in key locations spanning the United States. To learn more about Modern Wealth’s next-generation platform and advice delivery model, please email info@modwm.com or visit modwm.com.
Registration with the U.S. Securities and Exchange Commission does not imply a certain level of skill or training. Past performance is not necessarily indicative of future results.
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