HGGC-backed Waverly Advisors acquires investment advisor Planning Capital

• The acquisition of Planning Capital marks Waverly’s 20th transaction since securing an investment in December 2021 from Wealth Partners Capital Group and HGGC’s Aspire Holdings platform
• Planning Capital was founded by Richard Bell Jr. in 2001
• Wealth Partners Capital Group invests in wealth management firms

Waverly Advisors, which is backed by Wealth Partners Capital Group and HGGC, has acquired Planning Capital Management Corp, a Paoli, Pennsylvania-based investment advisor. No financial terms were disclosed.

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Waverly Advisors is a registered investment advisor.

With this deal, the entire Planning Capital team joins Waverly.

“Rick’s team is a dynamic group of talented professionals who are eager to help clients reach their financial goals,” said Justin Russell, president of Waverly in a statement. “Planning Capital’s holistic approach to comprehensive financial planning and wealth management aligns with ours and we are thrilled to have them join the Waverly team.”
The acquisition of Planning Capital marks Waverly’s 20th transaction since accepting an equity investment in December 2021 from Wealth Partners Capital Group and HGGC’s Aspire Holdings platform.”

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Planning Capital was founded by Richard Bell Jr. in 2001.

Wealth Partners Capital Group invests in wealth management firms.

Based in Palo Alto, California, HGGC invests in technology, business services, financial services and consumer enterprises generally valued between $200 million to $1.5 billion plus.