Creative Planning Purchases D.C.-Area Firm



Creative Planning has made its third acquisition of the year, this time buying OptiFour, an investment adviser with $400 million in assets under management, based in McClean, Va. 

In February it bought the Minneapolis-based Johnston Group, which had $500 million under management at that time, and in September Creative Planning purchased America’s Best 401K, which touts a low-fee model of managing retirement benefits. 

Creative Planning has about $43.4 billion of assets under management over 98,000 accounts, which makes the company fourth-largest wealth advisory enterprise in the Kansas City metro area.

The move comes just a week after the company announced it is developing another building on its Overland Park headquarters campus that will add 108,000 square feet to its footprint, bringing the total square footage to 335,750 square feet.