RFG Advisory Completes First Majority Acquisition of RVA Wealth Management
Event summary
- RFG Advisory has acquired a majority stake in RVA Wealth Management, a Richmond-based firm managing $320 million in client assets.
- This marks RFG’s first Advisor majority acquisition, signaling a strategic shift in its capital solutions offerings.
- RVA will retain its brand and operate within RFG’s platform as a W-2 partner firm.
- The deal supports RVA founder David Koren’s retirement planning while ensuring continuity for clients and team members.
The big picture
This acquisition underscores RFG’s strategic pivot toward supporting advisors through all stages of their business lifecycle, from growth to succession. The deal highlights a broader industry trend where independent advisory firms seek scalable infrastructure and capital solutions to ensure long-term continuity. With $320 million in AUM at stake, the transaction reinforces RFG’s commitment to providing flexible partnership models for advisors.
What we're watching
- Platform Flexibility
- How RFG’s ability to offer minority and majority investment options will attract other advisors seeking succession solutions.
- Integration Success
- Whether RVA’s client-centric approach can be seamlessly integrated with RFG’s expanded platform capabilities.
- Strategic Expansion
- The pace at which RFG will pursue additional majority acquisitions to solidify its position in the wealth management industry.
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