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FinanceWaverly Advisors acquires InVista Advisors, adding ~$332M in AUM
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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.
Source report
Diana Britton Tue, July 28, 2026 at 11:14 AM PDT | 2 min read
Waverly Advisors, an acquisitive registered investment advisor based in Birmingham, Alabama, has acquired InVista Advisors, a hybrid RIA previously affiliated with LPL Financial in Montgomery, Ala.
The eight-person team manages approximately $332 million in assets under management (AUM). The acquisition represents Waverly's fifth location in the state of Alabama.
"InVista has built an outstanding reputation within the Montgomery market," said Waverly President and CEO Justin Russell in a statement. "This acquisition expands Waverly's presence in Alabama and strengthens the firm's ability to serve clients across the state, while bringing together two firms that share a deep commitment to people, planning and long-term growth."
Team Transition
InVista's team has joined Waverly and dropped its LPL affiliation. The team includes:
- Partners and Wealth Managers: Carl "Brandt" McDonald Jr., Austin, and Michael Barranco
- Wealth Advisors: Lisa Free and Mary Kathryn Smith
- Associate Wealth Advisor: Chad Conoly
- Senior Client Service Associates: Jacqueline Costner and Tina McDowell
Strategic Rationale
On its website, InVista stated that it decided to join Waverly to expand the resources and services available to clients.
"This transaction marks a defining new chapter—one that expands opportunities for our employees and deepens our commitment to the clients we serve," Michael Barranco said in a statement. "Waverly's proven track record of growth and collaboration made them the clear choice as our long-term partner, and we look forward to everything we can accomplish together."
Growth Trajectory
The acquisition marks Waverly's 35th transaction since accepting an equity investment in December 2021 from Wealth Partners Capital Group and HGGC's Aspire Holdings platform. The RIA now has total assets of $35.6 billion.
This deal follows Waverly's June acquisition of WealthPlans and its affiliate, Cooley & Associates, which added approximately $250 million in assets.
Firm Overview
Waverly manages assets for:
- High-net-worth individuals and families
- Corporate retirement plans
- Trusts, endowments, and institutions
The firm operates 52 offices across the U.S. and has a team of over 450 professionals.
Original article available at WealthManagement.com. Subscribe to free daily WealthManagement newsletters.
Source
Yahoo FinanceWestern
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Waverly Advisors Acquires InVista, Adding $332M in AUM