Waverly Advisors acquires GGM Wealth Advisor, expanding reach and assets under management.

From Yahoo Finance: 2025-03-26 09:42:00

Waverly Advisors has acquired GGM Wealth Advisor, expanding its reach into Maryland and Virginia. The deal, undisclosed financially, brings GGM’s $400m AUM to Waverly’s $17.4bn. The full GGM team has transitioned to Waverly, providing clients with enhanced resources and infrastructure. The firm was established in 1996 by Jeff Johnson and Michael Little in Baltimore.

Waverly President Justin Russell praised GGM’s client-centered approach to wealth management. The acquisition marks Waverly’s 22nd transaction since December 2021, solidifying its growth trajectory following an equity investment from Wealth Partners Capital Group and HGGC’s Aspire Holdings platform. Waverly now has 37 offices across the US and over 290 employees, catering to a diverse clientele.

The partnership with Waverly allows GGM to better serve clients with a more robust infrastructure. GGM Wealth Advisors, with a significant presence in the Baltimore market, was founded in 1996 by Johnson and Little. Waverly’s acquisition of GGM continues its rapid expansion, aiming to provide a superior client experience and establish long-term relationships in the industry.

Read more: Waverly expands with acquisition of GGM Wealth Advisor