Creative Planning acquires Lenox Wealth Management
Registered Investment Adviser Creative Planning has acquired Lenox Wealth Management, a Registered Investment Advisory firm located in Cincinnati, Ohio.
Lenox Wealth Management provides comprehensive financial planning and investment management for clients with approximately USD600 million in Assets Under Management.
Peter Mallouk, Chief Executive Officer of Creative Planning, says: "John Lame and the Lenox team have built an independent wealth management firm that mirrors the Creative Planning values of independence and a financial planning led investment approach. We welcome John and his team to the Creative Planning family."
Lame, Chief Executive Officer of Lenox Wealth Management, says: "Twenty years ago, Lenox set forth with a vision to better serve the P&G and Cincinnati communities by creating an independent, fee only, multi-family office platform. Our partnership with Creative Planning will preserve our heritage as fiduciaries, expand our menu of services, and provide the technology and scale for our advisors to provide the best in class advice and service available for years to come."
"As part of the Creative Planning team we'll be able to enhance our service offerings and have the resources needed to support our growth. We are thrilled to have found partners who share similar values and culture. We're so excited to become part of the Creative Planning team," says Anne Megerle, Senior Vice President of Lenox Wealth Management.
Mallouk adds: "Creative Planning has a substantive presence in Cincinnati already, and with Lenox joining the team, we will be working with hundreds of families in the area with well over a billion in assets. Our goal is to become the number one choice for individuals seeking independent wealth management in Cincinnati and throughout the country."
Lenox Wealth Management was represented exclusively in this transaction by Park Sutton Advisors, LLC and received legal counsel from Katz Teller Brant & Hild.