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Company Details
For more than 30 years, Savant Wealth Management has worked to provide wise counsel to individuals, families, and businesses. A fee-only, independent RIA firm, they serve individuals and families, executives and professionals, and businesses. Operating as a fully aligned model, they aim to make Savant the industry benchmark allowing them to attract, engage, retain, and reward the best talent.
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Acquisition Model
Full Acquisition
Yes
Yes
- Closing consideration %: Savant typically closes with 70- 80% of the enterprise valuation released when closing conditions have been satisfied.
- Retention terms: The standard retention period for amounts not paid at closing is 12 months.
Prior to close, Savant will coordinate with the partner to set their base salary for the first year with Savant. After the first 12 months, the partner will move to Savant's standard compensation plan. In addition to the base salary, partners/advisors will receive a share of managed revenue ranging from 6% to 10%, along with an advisory team bonus.
Mandatory Points of Alignment
Requires Brand adoption day 1
Upon joining Savant, partners will centralize operations. This includes the technology stack, billing, compliance, HR, marketing, and more.
Partners have total control over their calendars.
Savant will centralize the P&L for advisors, so they can spend more time on client facing activities.
While advisors have ultimate say in what is recommended to clients, Savant does have a branded process they require advisors to adopt.
Savant considers its practice management support and assistance central to their value to their advisors and strongly urges partners to adopt it’s best practices.
With the help of Savant's investment research and trading teams, partner offices will transition onto the Savant investment platform over the first couple of years in a highly tax-conscious manner.
Advisor Value Proposition
AUM Growth
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