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Evermay Wealth Management acquires Insight Wealth Management, Inc. adding $73 million in AUM

Apr 04, 2024•over 1 year ago

Acquiring Company

Evermay Wealth Management

Acquired Company

Insight Wealth Management

ArlingtonVirginiaFinancial ServicesFinancial Services

Description

Evermay Wealth Management, a registered investment advisor with $1.06 billion in AUM, has successfully acquired Insight Wealth Management, Inc., adding $73 million in AUM to its portfolio. As the fifth acquisition in Evermay's history, this strategic move reinforces its commitment to serving clients with shared values and expands its market presence.

Company Information

Company

Evermay Wealth Management

Location

Arlington, Virginia, United States

About

Evermay Wealth Management is a registered investment advisor (RIA) located outside of Washington, D.C. with $1.06 billion in AUM. As fiduciaries managing a fee-only model, Evermay is committed to serving clients and their families in a personalized and professional manner. Evermay is actively seeking to grow through the acquisition of other firms with shared values in need of sales, partnership, or succession planning.

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