M&A Deal Summary

Wealthcare Capital Management Acquires Fellows Financial

On September 9, 2022, Wealthcare Capital Management acquired financial services company Fellows Financial

Acquisition Highlights
  • This is Wealthcare Capital Management’s 1st transaction in the Financial Services sector.
  • This is Wealthcare Capital Management’s 2nd transaction in the United States.
  • This is Wealthcare Capital Management’s 1st transaction in Virginia.

M&A Deal Summary
Date 2022-09-09
Target Fellows Financial
Sector Financial Services
Buyer(s) Wealthcare Capital Management
Deal Type Add-on Acquisition

Target

Fellows Financial

Leesburg, Virginia, United States
Fellows Financial provides clients with financial advisory services by leveraging its technology and services platform to enhance the delivery of financial advisory services to clients. Fellows Financial was formed in 2015 and is based in Leesburg, Virginia.

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Buyer(S) 1

Buyer

Wealthcare Capital Management

Richmond, Virginia, United States
Category Company
Founded 1999
Sector Information Technology
DESCRIPTION

Wealthcare Capital Management is widely credited as a pioneer in goals-based wealth management technology and goals-driven investing. Using a patented process, Wealthcare provides wealth advisors with a straightforward solution to help clients clarify their goals and risk preferences, align their investment risk with what they value most, and avoid being misguided by the abstract and tired questionnaire-based industry approach to risk tolerance. Wealthcare’s proprietary Comfort Zone functionality provides the client with clarity and confidence in the path they have chosen, and control of key variables to keep them on track through volatile and evolving markets. Wealthcare Capital Management was founded in 1999 and is based in Richmond, Virginia.

DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Virginia) 1 of 1
Country (United States) 2 of 3
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-16 Eagle Financial

Shreveport, Louisiana, United States

Eagle Financial is a Registered Investment Advisor (RIA) Firm. Eagle Financial was founded in 2006 and is based in Shreveport, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-11 Sommers Financial Management

Scappoose, Oregon, United States

Sommers Financial Management advises on more than $100 million in assets under management ("AUM"). Its services include wealth management, financial planning, retirement plans for small businesses, and estate plan coordination. Sommers Financial Management was formed in 2002 and is based in Scappoose, Oregon.

Buy -
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