Fresh off its deal to acquire Goldman Sachs' Personal Financial Management division, Creative Planning is scooping up a $1.4 billion registered investment advisor.
Creative Planning, a $245 billion firm with main offices in Overland Park, Kansas, announced Tuesday that it's buying Kistler-Tiffany Advisors in Berwyn, Pennsylvania. Kistler-Tiffany has 13 employees with advisory functions and dates to 1974.
It's the latest acquisition by Creative Planning, already one of the biggest players in the industry.
A Creative Planning press release on the firm's latest deal says Kistler-Tiffany specializes in working with affluent families on investments, estate planning, charitable giving and business succession.
"Their commitment to nurturing relationships and leveraging creative talents aligns with our client-centric philosophy," said Peter Mallouk, the CEO of Creative Planning.
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Kistler-Tiffany is led by James Arnold, Michael Conner, David Kovach and Andrew Reder, all of them managing partners.
"As our business continued to grow, we understood the importance of finding scale quickly," Conner said in a statement. "After a thorough search, we recognized the immense potential that would be realized by combining our specialized expertise with Creative Planning's extensive resources."
