Modern Wealth Management continued the recent acquisition blitz in its home state of California on Wednesday.
The move brings in Kaye Capital Management (KCM), an El Segundo-based firm with $700m in assets under management and another $300m under advisement, according to Modern Wealth. Specific financial terms of the deal were not disclosed, but KCM has adopted Modern Wealth’s brand following the acquisition.
KCM’s four-person team was led by CEO Ken Watten and COO David Hilton, who are now both managing directors with $8.5bn Modern Wealth. KCM works with a client mix of corporate executives, public servants, physicians, attorneys, entrepreneurs, movie directors, writers and retirees, according to Modern.