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REDW Advisors & CPAs Acquires Hatcher Financial, Expanding Wealth Management and Advisory Reach
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Subscribe24 SEP 2024 / M&A UPDATES
REDW Advisors & CPAs has acquired Phoenix-based Hatcher Financial, bringing it under its subsidiary, REDW Wealth LLC. This expands REDW's presence in Phoenix, increasing its team to 114 members and its total workforce to approximately 350 across its U.S. and international offices. This acquisition is part of an ongoing expansion effort by REDW to enhance its advisory capabilities and offer more comprehensive financial solutions.
Albuquerque, N.M.-based REDW Advisors & CPAs, a firm with FY23 net revenue of $49.6 million, has announced the acquisition of Phoenix-based Hatcher Financial. This move brings Hatcher Financial under the umbrella of REDW Wealth LLC, an SEC-registered investment advisory firm and a subsidiary of REDW Advisors & CPAs. The merger boosts REDW’s presence in Phoenix, growing its local team to 114 members and bringing the firm’s total workforce to nearly 350 across its U.S. and international offices. REDW Wealth LLC now manages over $1 billion in assets.
Strategic Vision for REDW’s Growth and Client Solutions
REDW's Chief Operating Officer, Kerry Prine, highlighted the firm's focus on expanding its advisory and tax services, underscoring REDW's full-service capabilities. “For the past several years, REDW has undergone a seismic shift in its business model by creating partnerships, acquiring key talent, and investing in technology that allows us to approach our clients’ needs in a more holistic way,” he shared. REDW’s services now span specialized tax planning, cybersecurity, forensics, dispute advisory, HR consulting, and financial planning tailored for diverse industries and tribal communities.
REDW’s Managing Principal, Steve Cogan, emphasized the strategic intent behind the acquisition, aiming to enhance REDW's advisory capabilities. “REDW’s goal for expansion efforts has been to continue to be indispensable partners in navigating markets, leveraging advanced technology, and driving personal financial and business growth,” Cogan said.
Hatcher Financial’s Legacy of Comprehensive Client Solutions
Founded in 2015 by Douglas M. Hatcher, CPA, CFP®, Hatcher Financial has built a reputation for delivering customized wealth management and tax planning to over 400 clients, from individual investors to business owners. Hatcher’s team, with over 100 years of combined experience, will now contribute its deep expertise in tax-optimized wealth management solutions to REDW’s expanded service offerings.
Reflecting on the acquisition, Hatcher expressed enthusiasm for joining REDW. “Our team has over 100 years of combined financial services, accounting and tax expertise, and provides innovative, tax-optimized wealth management solutions. We are looking forward to expanding our efforts through this opportunity with REDW,” he stated.
REDW’s Recent Expansion Efforts and Growing National Footprint
The acquisition of Hatcher Financial is part of REDW’s ongoing national expansion strategy. Recent moves include the opening of a Pacific Northwest office in late 2023 through a partnership with Oregon-based Grove, Mueller & Swank, P.C., and an earlier acquisition of Edwards, Largay, Mihaylo & Co. in Phoenix in 2022.
By integrating Hatcher Financial, REDW strengthens its advisory and wealth management capabilities, positioning itself as a leading partner for clients seeking comprehensive financial solutions.
Until next time…
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