The transaction establishes Waverly’s presence in the southern US and builds on its earlier successful acquisitions.
Waverly Advisors (Waverly), an Alabama-headquartered federally registered investment adviser (RIA), has expanded its national footprint with the acquisition of TruWealth Advisors (TruWealth), a New Orleans-based wealth management firm with US$3.1 billion in assets under management. TruWealth was founded in 2020 by Chuck Simmons The acquisition has established Waverly’s presence in Louisiana to support the firm’s growth strategy as it expands into new markets across the sout