Savant Wealth Management earns top spot by Accounting Today

Savant Wealth Management, a fee-only registered investment adviser (RIA), earned the top spot in Accounting Today‘s list of 2024 Billion-Dollar Wealth Magnets. 

Savant, with offices in Lancaster, York, Hanover and Wyomissing, said it was ranked number one for the second year by assets under management (AUM) out of 150 firms, 52 of which had more than $1 billion in AUM. 

“We are honored to again be ranked number one by Accounting Today,” said Angie Stephenson, managing director at Savant’s Lancaster office. “With the integration of enhanced tax and accounting offerings at Savant, we are better positioned to help meet the ever-changing needs of our clients. We believe this, along with our client-focused service, helps differentiate us from others in the industry.”    

The 18th annual ranking, released on June 5, included CPA firms with financial planning practices.  

According to Accounting Today, it was a good year for the Wealth Magnets, with AUM significantly growing.  

The publication found that with growth, firms across the nation were experiencing pressures related to integrating and retaining staff members, technology, and AI, among others.  

Despite those issues, Accounting Today stated that the rise in AUM will allow these firms to continue to be well positioned for growth this year and beyond. 

 “I am proud that we were named the largest fully integrated wealth management and registered investment advisory firm. At Savant, we have grown aggressively and have been strategic in expanding our tax and accounting services,” Brent Brodeski, chief executive officer of Savant, said in a statement. 

 “Last November we acquired our sixth tax and accounting business to further strengthen Savant’s position as a leader in integrated wealth management, accounting, and tax consulting,” Brodeski said. “Along with our growth and expanded offerings, we continue to refine our team of specialists and leverage technology solutions to streamline and increase the efficiency of our operations.”  

In July 2023, Savant acquired Raymond F. Book & Associates, a comprehensive tax and accounting firm with three locations in Delaware and in November 2023, Savant acquired Peay & Associates, LLC, a CPA firm located in Clinton, SC. Savant is committed to its growth strategy and is expecting to acquire more firms in the coming months.