Savant Capital Management Acquires Kingston Wealth Management Group

Posted by: Kingston Wealth Management Group - November, 7th 2019 @ 04:08 pm

Savant
Continues its Growth Surge of Quality RIAs; Adds First Bloomington, IL Location

  • Kingston
    Financial is Savant’s seventh acquisition since 2012; first presence in
    Bloomington
  • Acquisition
    increases Savant’s assets by $150 million; $6.5 billion overall
  • Kevin
    Kingston, founder, and Christopher Ruedi, financial advisor, become employee
    owners of Savant

ROCKFORD, Ill. (November 7, 2019) – Savant Capital Management, a nationally-recognized, fee-only wealth
management firm headquartered in Rockford, Illinois, and one of the nation’s
largest independent registered investment advisory (RIA) firms, today announced
it has acquired Bloomington-based Kingston Wealth Management Group, a $132 million
RIA firm. 


Founded more than 35 years ago by Kevin Kingston, CLU, ChFC, Kingston Wealth Management
Group is an advisory firm based in Bloomington, Illinois, committed to guiding
individuals through the entirety of their financial life. Kingston works with
business owners, executives and professionals to young families and retirees
for the planning of accumulation and preservation of wealth. Kingston’s client
services include wealth management and a wide variety of financial planning.
Four employees, including Kingston and Ruedi, will be joining the Savant
family. 

“We have an unwavering commitment to identifying and securing lasting partnerships to
provide our clients with the best advantages in the industry,” said Brent
Brodeski, Savant CEO. “Kingston is positioned well within the Bloomington
region and its employees share our approach to the client-first mentality. We
are excited to welcome Kingston employees and their clients to our family.”

 Kingston added, “Our philosophy of servicing clients to provide them the best advice and
direction combined with our internal culture meshes well with Savant and we are
thrilled to enhance our service offerings and innovation to our clients thought
the Savant network. This is a game-changer for the Bloomington region.”

Savant’s acquisition of Kingston became official on Thursday, October 31. The Kingston team
will continue to serve clients at its current locations in Bloomington. Savant remains
committed to growth by supporting future M&A opportunities nationwide. For
more information, visit savantcapital.com.  

This is Savant’s seventh successful acquisitions since 2012. Recently, Savant shared its aggressive
and unique strategy approach to M&A including its innovative
employee-ownership structure, and recent hires comprised of seasoned mergers
and acquisition (M&A) team leader to position it to provide the
best-in-class M&A approach in the industry. 

Savant’s approach to partnerships allows current owners to transfer a portion of their
ownership into a faster-growing, dividend-paying equity. It seeks outs partners
who are compatible with Savant’s evidence-based investment philosophy, aspire
to build a best-in-class firm for their clients, team and owners, and who are
committed to robust financial planning for their clients. 

“Our partnership with Kingston enhances the client experience by offering leading-edge
technology and an integrated team approach to financial advice from taxes to
wealth transfer, to trust needs and business succession planning,” added
Brodeski.

Savant’s overarching goal within the next 25 years is to build ideal futures for its clients, team members
and the communities it serves, allowing it to improve more than 1 million
lives. 

About Savant Capital Management

Savant Capital Management is a leading independent,
nationally recognized, fee-only firm serving clients for 30 years
with more than $6 billion in assets under management. As a trusted
advisor, Savant Capital Management offers investment management, financial
planning, retirement plan and family office services to financially established
individuals and institutions. Savant also offers corporate accounting, tax
preparation, payroll and consulting through its affiliate, Savant Tax &
Consulting.  

Savant Capital Management is a Registered Investment Advisor. Savant’s marketing
material should not be construed by any existing or prospective client as a
guarantee that they will experience a certain level of results if they engage
the advisor’s services. Please Note: "Ideal" is not intended to give
assurance as to achieving successful results. Different types of investments
involve varying degrees of risk.