Creative Planning finalizes acquisition of Krivoshein | McDaniels Financial

Jan 14, 2025•7 months ago

Acquiring Company

Creative Planning

Acquired Company

Krivoshein | McDaniels Financial

WashingtonFinancial ServicesFinanceFinancial Services

Description

Creative Planning, one of the nation's largest registered investment advisors (RIAs), has successfully acquired Krivoshein | McDaniels Financial, an RIA based in Walla Walla, Washington. This strategic acquisition enhances Creative Planning's wealth management capabilities and geographical footprint, bringing six dedicated wealth management professionals from Krivoshein | McDaniels Financial into the Creative Planning family.

Company Information

Company

Creative Planning

About

Creative Planning, LLC is an independent wealth management firm that provides a financial planning led investment management approach, retirement planning, estate planning, trust services, tax advice and family office services for individuals as well as 401(k) and institutional money management. Creative Planning manages over $100 billion in assets across all 50 states and 65 countries, as of November 3, 2021.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed