Creative Planning Acquires The Johnston Group
NEWS PROVIDED BY
CREATIVE PLANNING, INC.
February 25, 2019, 07:45 ET
OVERLAND PARK, KANSAS, February 25, 2019 /PRNewswire/ -- Creative Planning Inc. ("Creative Planning"), one of the nation’s largest Registered Investment Advisers (RIA), today announced the acquisition of The Johnston Group (“TJG”), a RIA firm located in Minneapolis, Minnesota. TJG provides financial planning and investment management services to investors in Minnesota. North Dakota and South Dakota.
TJG has more than $500 million of Assets Under Management (AUM) and is owned and operated by Brad Johnston.
Peter Mallouk, Chief Executive Officer of Creative Planning, said, "We are thrilled to be joining forces with Brad and the The Johnston Group Team. Their financial planning led, comprehensive approach coupled with a long-term investment focus fits in perfectly with our overall offering.”
"We are thrilled to become part of this first-class organization that shares our financial planning led approach and fiduciary commitment to putting our clients' interests first," said Brad Johnston, Principal of TJG Group. As I looked to find a firm to help us grow, I only made one proactive phone call and that was to Creative Planning. I believe there is simply no other independent firm that has the experience and scale delivering true family office services to high net worth individuals. Nothing was more important to me than finding a firm aligned with our values and offering and that could add value for our clients. Based on my experience, firms in that space include Creative and Creative’s imitators.
Peter Mallouk, CEO of Creative Planning, said, "When Brad first called in, we told him we weren’t in the acquisition business. We have grown organically for so long and felt the time wasn’t right. After meeting Brad, I quickly changed my mind. The Johnston Group has shown us we have built a firm that has the opportunity to set the standard for independent wealth management in this country, bringing fiduciary advice to Americans from coast to coast. It’s clear there are like minded firms that can fit right in, helping us continue to set the bar in our industry.”
About Creative Planning
Established in 1983, Creative Planning, Inc. 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 approximately 38 billion in assets for individuals and families in all 50 states.
Data as of February 25th, 2019.
Contact: Peter Mallouk
Creative Planning, Inc.
SOURCE Creative Planning, Inc.