Creative Planning acquisition adds tax, investment expertise

Creative Planning is keeping its foot on the acquisition pedal with the addition of a Delaware-based firm managing $535 million in assets.

Creative Planning this week announced the acquisition of Daniels + Tansey, a firm specializing in integrated financial advisory, tax services and investment management for individuals, families and small businesses across the entire wealth spectrum.

The latest addition comes amid a number of major pickups for the Peter Mallouk-led RIA. 

In late October, Creative Planning announced that  it was buying the corporate retirement advisory services team at Mesirow, a Chicago-based financial services firm. The corporate retirement practice has around $13 billion of assets, both under management and advisement, as of July 1.

The firm's August deal to buy the former United Capital from Goldman Sachs closed this quarter. Creative Planning also announced its purchase of Bloomington, Minnesota-based $2.5 billion RIA BerganKDV in June and $1.4 billion RIA Kistler-Tiffany Advisors in Berwyn, Pennsylvania, earlier in October. 

"We are delighted to extend a warm welcome to the accomplished team at Daniels + Tansey as they become part of the Creative Planning family," Peter Mallouk, CEO of Creative Planning, said in a statement. "Their team of industry experts is dedicated to delivering comprehensive wealth solutions with a personal touch, a philosophy that aligns seamlessly with Creative Planning's values."

Daniels + Tansey operates as a cohesive ensemble firm, believing that holistic wealth management encompasses three essential pillars: financial advisory, tax planning and investment management. 

Chris Daniels, managing director of D+T, said his team is excited about what the partnership with Creative Planning brings to their business and their clients.

"By combining a comprehensive national platform with our 40-year relationship with the community, we are now able to offer the Delaware Valley's premier, full-service tailored wealth management experience," he said in a statement. "We're looking forward to the opportunity to simplify financial complexity and build successful wealth journeys for clients throughout the region."

As of July 1, 2023, Creative Planning's combined assets under management exceeded $245 billion, reinforcing the firm's position as a prominent player in the industry. I now has a global footprint spanning all 50 states and 65 countries.