Savant Wealth Management has acquired Parkworth Wealth Management to enhance its expertise in serving Silicon Valley tech professionals.

Information on the Target

Parkworth Wealth Management, based in the Bay Area, specializes in providing financial services to professionals in the Silicon Valley tech industry. The firm caters to employees from leading technology companies, including Apple, Nvidia, Meta, and Google, managing approximately $216 million in client assets. The acquisition will result in Parkworth's entire four-person team, including wealth managers Bruce Barton, Michal Zyla, and Max Gonda, becoming equity partners at Savant Wealth Management.

With an emphasis on understanding the unique financial needs of tech industry professionals, Parkworth is well-positioned to contribute to Savant's vision of cultivating expertise in niche markets. This alignment with Savant's strategy to house numerous specialized practices marks a significant expansion of both organizations.

Industry Overview in the Target’s Specific Country

The financial advisory industry in the United States, particularly in technologically advanced regions like Silicon Valley, is evolving rapidly. The demand for specialized financial services is growing, driven by the unique compensat