ROCKFORD (WIFR) -- Savant Capital Management has finalized its acquisition of Paragon Advisors, an investment advisory firm. This acquisition increases Savant’s current assets under management (AUM) to $3.7B. The move puts Savant into the top 30 largest RIAs in terms of total AUM.
Savant Capital Management will continue to be headquartered in Rockford, IL operating ten offices in three states (Illinois, Wisconsin and Virginia). The acquisition of Paragon Advisors further strengthens Savant’s Chicagoland footprint with the addition of 130 families. Gregory De Jong, founding principal of Paragon, has assumed the role of Market Manager and Financial Advisor for the Naperville office and is joined by three former Paragon client service team members who have also joined Team Savant.
“This is an exciting day for Savant as we continue our mission to grow and expand our footprint,” said Brent Brodeski, CEO of Savant Capital Management. “Bringing Paragon on board only makes us stronger. We are fortunate to have the knowledge and experience of Greg and his team as now a part of Team Savant.”
Savant Capital Management is continually evaluating potential M&A partners, both in the Chicago area, and beyond. For more information on Savant, please visit www.savantcapital.com.