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Wealthcare Adds $1.8B in Assets a Year After Sale
Wealthcare added $1.8B in AUM and 26 advisors since selling to Sammons Financial. CEO Matt Regan says permanent capital is the differentiator in recruiting and M&A.
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A year after selling to Sammons Financial Group, Wealthcare has added $1.8 billion in assets under management and 26 advisors across its affiliation models, CEO Matt Regan said.
The West Chester, Pa.-based RIA and tech platform closed on the sale to the insurance holding company roughly a year ago. Regan said the deal has delivered on its promise of growth capital. The additions include the December acquisition of Crowley Wealth Management, an RIA with $417 million in AUM, and Doug Koopman's practice in Dubuque, Iowa.
In 2026 alone, Wealthcare has purchased or received letters of intent for firms representing about $900 million in assets.
Regan credits Sammons' status as a permanent capital provider for the acceleration. "The financial support and the fact that that financial support represents permanent capital is absolute game changer for us, both in our 1099 recruiting and in our efforts to buy firms," he said. "When you're telling an advisor that this is the last home they'll have, that this capital is permanent and nothing's going to happen, there's going to be no private equity flip when the shot clock goes off is a real differentiator in the market."
Wealthcare's professionals are now shareholders of Sammons through an Employee Stock Ownership Plan.