Savant Wealth Management

Savant Wealth Management, based in the US, specializes in providing comprehensive financial advisory services tailored for high-net-worth individuals, families, and institutions seeking effective wealth management solutions. Founded in 1986, Savant Wealth Management offers financial advisory services focused on wealth management. The company has undergone strategic enhancements to its operations, including a recent minority stake acquisition by Kelso & Company in September 2021. They maintain their headquarters in Rockford, Illinois, and have expanded their reach across various geographical markets, primarily within the United States and Canada.

The firm was founded under the vision of creating a client-centric wealth management platform to serve diverse client needs, emphasizing transparency and fiduciary responsibility. Savant Wealth Management provides a comprehensive suite of financial advisory services designed to cater to the wealth management needs of successful individuals, families, and institutions. Their core offerings encompass investment guidance, financial planning, tax and business consulting, estate planning, trust services, and family office support. By integrating these services, Savant aims to simplify the complexities associated with wealth management, ensuring clients receive strategic guidance that aligns with their financial goals.

The firm primarily serves high-net-worth clients and institutions across various geographical markets, including but not limited to the United States and Canada, focusing on delivering personalized financial solutions tailored to each client’s unique circumstances and aspirations. Savant Wealth Management operates on a fee-only model as a fiduciary firm, emphasizing their commitment to client interests and transparent revenue generation. The firm's revenue is primarily derived from advisory fees based on assets under management (AUM) and assets under advisement (AUA), which total USD 30. 9 bn.

Clients typically engage in long-term relationships, wherein they are charged a percentage of the assets managed. These relationships may also involve retainer agreements for financial planning services, where clients pay fixed fees for ongoing advisory support. The firm’s diverse service offerings ensure that clients’ financial needs are met, fostering strong partnerships built on trust and expertise. Savant Wealth Management is poised for future growth through strategic initiatives following its most recent funding round.

The acquisition by Kelso & Company aims to elevate the firm's capabilities and offer access to additional capital. This will enhance their acquisition and organic growth plans. While specific new products in development have not been disclosed, the firm is focusing on expanding its market presence in both the United States and Canada. The funding will provide necessary resources to strengthen their service offerings and drive further engagement with high-net-worth clients.