Industry News
Waverly buys $110m Florida RIA
Lilly Riddle / Apr 09, 2025
The Wealth Partners Capital Group and HGGC-backed firm now has six locations in the Sunshine State.
Waverly Advisors, a roughly $17bn serial RIA acquirer, said Tuesday that it has bought Fiduciary Wealth Advisors, a $110m RIA based in Sarasota, Fla. The target firm becomes Waverly’s sixth location in Florida and fourth deal of 2025.
Fiduciary Wealth Advisors is led by founder and wealth advisor Scott Collins, who has about 35 clients. Collins formed Fiduciary Wealth Advisors in 2014 and will join Waverly as a partner and wealth advisor.
The transaction closed last Friday. Specific financial details were not disclosed.
‘[Collins is] a fantastic guy, takes great care of clients, has a great business,’ Justin Russell, Waverly’s president and chief executive, said. ‘We think with Waverly’s platform that his talent will generate a lot more assets for us in that central Florida region.’
Russell added that the biggest thing Waverly will be able to give advisors like Collins is time back to be in front of their current clients, but also to get more — particularly amid market turmoil following Trump’s...
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