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Published on Family Wealth Report on September 4,2025 | Authored by Editorialn Staff
Savant Acquires $1.2 Billion Minnesota-Based RIA
Editorial StaffSeptember 4, 2025
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The transaction continues a number of M&A deals from Savant, and across the wider North American wealth sector, driven by firms' desire to transition their business as retirement nears, as well as by forces such as economies of scale and rising regulatory and business costs.
Savant Wealth Management, an RIA, has acquired another such firm, PrairieView Partners, a firm based in St Paul, Minnesota with more than $1.2 billion in assets under management.
Founded in 2008, PrairieView Partners offers wealth planning services to individuals, trusts, retirement plans, estates, charitable organizations, and small businesses.
Savant did not disclose terms of the deal, which closed August 31, 2025.
M&A advisory firm Alaris Acquisitions facilitated the transaction between PrairieView Partners and Savant.
PrairieView’s partner team will join Savant as member-owners.They include Matt Weier; Paula Price; Kristy Schaffer; Jonathan Jaranson; and Bo Aylin, who also served as PrairieView’s chief compliance officer.
Luke Murray, a senior wealth manager, will also become a member-owner in Savant. Of PrairieView’s 19 employees, 15 will join Savant’s wealth management business, while four will join Savant Tax & Consulting, Savant said in a statement this week.
Weier said that he and his partners decided to explore merging PrairieView with a larger RIA after recognizing the desire for more operational and growth resources for their team and to add services, particularly in wealth transfer, for their clients.
“PrairieView is a CPA-led firm that will enhance both our advisory and tax teams, and help us improve our client experience long-term,” Brent Brodeski, founder and CEO of Savant, said.
“As the accounting profession contracts nationally, we remain committed to expanding our capabilities in this critical area,” he said.
PrairieView Partners is Savant’s first acquisition in Minnesota, and its fourth acquisition of 2025. In April, $1.15 billion Rhode Island-based Corrigan Financial joined Savant. In June, the firm announced the addition of Brent Kalka, a tuck-in that added about $111 million in AuM. In August, Savant added Silicon Valley-based Parkworth Wealth Management, a $216 million boutique RIA specializing in advice to tech industry executives and their families.
(A "tuck-in" refers to a strategic acquisition where a larger firm acquires a smaller, complementary business, integrating its operations, resources, and clients into the acquirer's existing platform and infrastructure.)
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