“Our decision to join Savant provides the opportunity for enhanced client services, continued growth of local offices with expanded staff and resources and upholding our commitment to supporting our communities with our leadership and volunteerism,” Thomas Williams, CEO and co-founder of Domani wealth, said in a news release.
“Our purpose to create opportunity for a better tomorrow directly complements Savant’s vision to build ideal futures for their clients, team and communities,” Angie M. Stephenson, chief operating officer of Domani Wealth, said in the news release. “We sought out a firm like-minded to ourselves, with similar emphasis on financial planning and a well-rounded team, as well as the independence and fee-only, fiduciary focus to which Domani has always adhered.
Savant was founded in 1986 and has locations in Arizona, Georgia, Illinois, Indiana, Iowa, Michigan, New Mexico, Pennsylvania, South Carolina, Virginia and Wisconsin. The purchase is the fourth for Savant this year. This addition of Domani’s $1.53 billion in assets under management brings Savant’s assets under management to $19.5 billion, the companies said in the news release.