Waverly Advisors Acquires InVista, Adding $332M in AUM
Waverly Advisors, a Birmingham, Alabama-based registered investment advisor, has acquired InVista Advisors, a hybrid RIA previously affiliated with LPL Financial in Montgomery, Alabama. The eight-person team manages approximately $332 million in assets under management, marking Waverly's fifth location in the state. InVista's team, including partners Carl 'Brandt' McDonald Jr., Austin and Michael Barranco, and other wealth advisors, have joined Waverly and dropped their LPL affiliation. The acquisition is Waverly's 35th transaction since accepting an equity investment in December 2021 from Wealth Partners Capital Group and HGGC's Aspire Holdings platform. Waverly now has total assets of $35.6 billion, 52 offices across the U.S., and over 450 professionals. This follows Waverly's June acquisition of WealthPlans and Cooley & Associates, adding approximately $250 million in assets.
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