Creative Planning Acquires $13B Asset Team, Scales Up Retirement Services

Creative Planning acquires a retirement planning team which represents $13 billion in assets.

Posted November 3, 2023

Creative Planning’s campaign for acquisition is showing no signs of losing steam after the wealth management firm announced its latest addition to the company’s retirement services.

Creative Planning announced on Tuesday its acquisition of Chicago-based Mesirow’s corporate retirement advisory services team of David Dermenjian, Chris Pohlman, Vince Allegra and Chuck Lawless, according to a news release.

“We are excited to welcome Mesirow’s impressive corporate retirement advisory services team into the Creative Planning family,” CEO of Creative Planning Peter Mallouk said. “Their commitment to tailoring financial solutions while championing social responsibility aligns perfectly with our values. They are well-equipped to address the retirement needs of plan sponsors, plan participants, investors, and non-qualified plans.”

The Mesirow team is responsible for over 350 retirement plans, representing approximately $13 billion in assets under advisement and management. The new team will join the Creative Planning Retirement Services Practice which services to over $137 billion in assets under advisement.

“The acquisition of Mesirow’s corporate retirement team is additive to our existing Retirement Services offering as it brings together industry thought leaders that will continue to expand the comprehensive services available from Creative Planning to plan sponsors and participants,” Head of Retirement Services at Creative Planning, Carly Bell said.

Bell took the lead role in managing this acquisition.

Creative Planning oversees $245 billion in combined assets under management and advisement in all 50 states and in 65 countries, according to the company.

View the full news release, here.