Wealthspire has made its second Indianapolis acquisition this year, agreeing to buy Fi3 Advisors, an advisory firm with $1.2 billion in assets under management, through its Fiducient Advisors business.
Indianapolis-based Fi3 Advisors (which made Wealth Management’s RIA Edge 100 list this year) was founded in 2013 by Ivan Hoffman, with a focus on ultra-high-net-worth and high-net-worth clients. Hoffman is joined by partners Matt Simpson and Sam Muse, and senior advisor Amy Hlavacek.
This follows the March launch of Wealthspire Family Office, which brings together services from its different business lines into a single shop for ultra-high-net-worth families who need the assistance a family office provides. As part of the deal, Fi3’s clients will have access to Wealthspire’s family office capabilities, including advanced tax and estate planning, life management, family office accounting and trust services.
Last month, Wealthspire acquired Axia Advisory, an Indianapolis-based retirement plan consulting and investment advisory firm with $1.9 billion in client assets, via the Fiducient Advisors business. Axia included a team of four and brought in more plan sponsors and participants, as well as Axia’s employee education programs.
Wealthspire now has about $3 billion in assets in the Indianapolis market. The firm has a combined $593 billion across its businesses.
“Over the past 13 years, Fi3 has built a distinguished reputation serving clients through a deeply personal family office experience,” Wealthspire CEO Mike LaMena said in a statement. “Their approach aligns closely with how we serve clients, combining personalized guidance with the scale and resources needed to support more complex needs over time.”
