Clearstead Advisors, LLC completes acquisition of Wilbanks Smith and Thomas Asset Management, LLC to strengthen its position among leading RIAs
Acquiring Company
Clearstead Advisors
Acquired Company
Wilbanks Smith and Thomas Asset Management
ClevelandNorfolkFinancial ServicesFinanceLendingConsultingFinancial ServicesFinanceDescription
Clearstead Advisors, LLC, a leading registered financial advisor, has acquired the assets of Wilbanks Smith and Thomas Asset Management, LLC (WST), a Norfolk, Virginia based wealth and investment management firm with over $5 billion of assets under management. The acquisition further consolidates Clearstead's position among the leading RIAs in the US, adding approximately $20 billion in total assets under management and 225 employees to its subsidiaries.
Quick answer
Clearstead Advisors is acquiring Wilbanks Smith and Thomas Asset Management, announced April 1, 2024. Clearstead Advisors is based in Cleveland, Ohio, United States.
- How much did Clearstead Advisors pay for Wilbanks Smith and Thomas Asset Management?
- The deal value was not disclosed.
- What does Clearstead Advisors do?
- Clearstead Advisors, LLC is an independent financial advisory firm founded in 1989, serving wealthy families and leading institutions across the country.
- Where are Clearstead Advisors and Wilbanks Smith and Thomas Asset Management based?
- Clearstead Advisors is based in Cleveland, Ohio, United States. Wilbanks Smith and Thomas Asset Management is based in Norfolk, Virginia, United States.
- Who are the decision-makers at Clearstead Advisors?
- Fundz holds 1 contact at Clearstead Advisors. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Finance
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Hope Bancorp to merge with Territorial Bancorp to create largest regional bank for multi-ethnic customers (April 29, 2024)
- Bank Alfalah Limited announces intention to acquire 84.51% shares and control of Samba Bank Limited (April 15, 2024)
- Atlantic Union Bankshares Corporation completes acquisition of American National Bankshares Inc. (April 1, 2024)
- Capital Bancorp, Inc. finalizes acquisition of Integrated Financial Holdings, Inc. in a $66 million cash and stock transaction, $66M (March 28, 2024)
- Manifest Acquires Nerve To Democratize Banking For All Creators & Entrepreneurs (February 21, 2024)
- Capital One to Acquire Discover (February 19, 2024)
Who to call at Clearstead Advisors, and when
When Clearstead Advisors changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Clearstead Advisors raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Clearstead Advisors, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Clearstead Advisors. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Clearstead Advisors makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired Wilbanks Smith and Thomas Asset Management?
Wilbanks Smith and Thomas Asset Management was acquired by Clearstead Advisors, based in Cleveland. The deal was reported on April 1, 2024. Clearstead Advisors, LLC is an independent financial advisory firm founded in 1989, serving wealthy families and leading institutions across the country. Clearstead Advisors is privately held and operates in Financial Services.
When did Clearstead Advisors acquire Wilbanks Smith and Thomas Asset Management?
Clearstead Advisors's acquisition of Wilbanks Smith and Thomas Asset Management was reported on April 1, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Wilbanks Smith and Thomas Asset Management do?
It is privately held, operating in Financial Services, and is based in Norfolk.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.