News Column

Lawing Financial Acquires Approximately $300 Million Assets under Advisement

January 20, 2014

Growth in Springfield follows recent moves into the Minnesota and Denver metro areas OVERLAND PARK, Kan. --(BUSINESS WIRE)-- Lawing Financial announced another step in a series of growth activities with the acquisition of approximately $300 million assets under advisement in the Springfield, MO area. Lawing Financial has held an active and growing presence in the Springfield area since 2008. With this move, the Springfield office ranks second, just ahead of the firm’s Dallas office, in terms of revenues and assets under advisement. Lawing Financial’s Overland Park office, which also serves as the back office for many shared operational services, was founded in 1985 by CEO and President Kerry Lawing . “The ability to serve more clients in the Springfield area has been a key part of our business growth strategy,” said Kerry Lawing , the firm’s CEO and president. “This acquisition is a natural step as we follow our plan to take advantage of opportunities to grow our existing presence in successful locations while seeking to open new offices in one new city every year for the next four to five years." Terms of the transaction were not disclosed. This acquisition follows Lawing Financial’s entrance into the Denver, CO area in May of 2013, and its entrance into the greater Minneapolis area of Wayzata, MN in October of 2013. In total, the firm has approximately 90 investment advisor representatives and more than 35 staff and serves the needs of thousands of clients for their wealth management strategies and advice. “The timing of this opportunity in Springfield works well with our strategic plans to grow the firm,” said Lawing. “Based on our years of success in the Springfield region, we have been considering various options for growth in the area. Timing of this opportunity was good for our firm and the team based in Springfield as this acquisition nearly doubles our presence in this Missouri area.” Lawing Financial, with more than $3 billion assets under advisement, has acquired the Nadia Cavner Group based in Springfield . As part of this acquisition, Nadia Cavner will serve as a consultant to Lawing Financial during the transition. “We believe each client’s financial situation is as unique as the individuals involved, and our client focused approach has been in place for nearly 30 years,” said Lawing. “We specialize in providing a team-based approach to full-service financial planning and our team is excited about the ability to serve our new clients alongside our existing clients in the Springfield area.” Lawing Financial is focused on The Power of the Team Approach™, which is Lawing Financial’s hallmark, while preserving its unique structure and culture for serving others. The firm’s overarching strategy is based on building out a greater presence in the central regions of the country given the positive demographic, economic health, and stability in these key markets. About Lawing Financial Lawing Financial has locations across the Midwest and West with approximately 90 investment advisor representatives and more than 35 staff. Current offices include a presence in Overland Park, Kansas ; Springfield, Missouri ; Dallas, Texas ; Denver, Colorado ; Wayzata, Minnesota ; and Cedar Rapids, Iowa . The firm has over $3 billion in assets under advisement while doing business in over 40 states. Lawing Financial specializes in providing a team-based approach to full-service financial planning including fee-based asset management, qualified plan design and implementation, and wealth management for the affluent. Kerry Lawing , CEO and president, established the firm in 1985 and implemented The Power of the Team Approach™ which is Lawing Financial’s hallmark and premise for encouraging and mentoring financial professionals to specialize in the areas of finance they know and enjoy. The firm is dedicated to taking the time to properly evaluate each client’s situation because this is critical to developing a solution that best meets the client’s individual objectives. Find out more at www.lawingfinancial.com . Securities offered through Cambridge Investment Research, Inc. , a Broker/Dealer, Member FINRA/ SIPC . Advisory services offered through Lawing Financial Inc. , a Registered Investment Advisor. Lawing Financial, doing business as Qualified Plan Advisors (QPA) www.lawingfinancial.com www.qualifiedplanadvisors.com Lawing Financial, Nadia Cavner Group , and Cambridge are not affiliated. For Lawing Financial Alex Greenwood , 913-907-4426 Alex@AlexGPR.com Source: Lawing Financial


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Business Wire


Story Tools