Creative Planning Expands Kansas Presence, Acquires $550M Lawrence RIA

Posted November 14, 2024

Overland Park wealth management giant Creative Planning has made its ninth acquisition since 2023, adding a Lawrence firm with $550 million in assets under management.

Creative Planning announced the acquisition of Edmonds Duncan Registered Investment Advisors, LLC. As part of the deal, six employees from the Lawrence firm have joined Creative Planning, according to a Tuesday release.

The deal closed on Oct. 1. Financial terms were not disclosed.

Founded in 2013 by Jason Edmonds and Don Duncan, Edmonds Duncan is a full-service RIA serving nearly 600 families through financial planning, retirement planning and income management, investment management and risk management offerings.

Edmonds Duncan operates $550 million in assets under management as of Sept. 30.

“Their (Edmonds Duncan’s) strong foundation and local presence in our home state significantly extends Creative Planning’s reach,” Peter Mallouk, CEO of Creative Planning, said in the release. “With their commitment to customized wealth management and meaningful client relationships, we’re excited to enhance our services within the Lawrence area, providing clients with the insights and strategies needed for a confident and secure financial future.”

Richard Tischler of RiezmanBerger served as legal counsel to Edmonds Duncan.

This acquisition is another stepping stone in Creative Planning’s strategic growth initiative. Edmonds Duncan marks the wealth management firm’s ninth acquisition following the acquisition of ML&R Wealth Management in April. San Francisco-based private equity firm TPG Capital purchased a minority stake in Creative Planning in September.

Creative Planning oversees more than $325 billion in combined assets under management and advisement across all 50 states and 90 countries as of June 30.