New York wealth management firm Wealthspire has agreed to buy Fi3 Advisors, an Indianapolis-based boutique advice firm with approximately $1.2bn (£890m) in assets under management (AUM).
The firms said the deal builds on a decade-long relationship and reflects ongoing expansion in serving the high net worth and ultra high net worth markets, following the launch of Wealthspire Family Office earlier this year.
The transaction takes Wealthspire’s AUM to around $3bn in the Indianapolis market. Fi3 will continue to operate with the same client and firm leadership team.
“Over the past 13 years, Fi3 has built a distinguished reputation serving clients through a deeply personal family office experience,” said Mike LaMena, chief executive officer at Wealthspire. “Their approach aligns closely with how we serve clients, combining personalised guidance with the scale and resources needed to support more complex needs over time. We’re pleased to welcome their team and support their continued growth.”
