Transactions

Park Sutton Advises $500M Austin-based Weinheimer Wealth on sale to Exencial Wealth

New York, NY, December 19, 2023 – Park Sutton Advisors, a Waller Helms Company (“Park Sutton Advisors”) is pleased to have represented Weinheimer Wealth Management (“Weinheimer”) on its sale to Exencial Wealth Advisors (“Exencial”), a leading RIA with over $4 billion in AUM and headquartered in Oklahoma City, OK. Founded in 1997 and headquartered in Austin, TX with $500 million in AUM, Weinheimer specializes in providing bespoke financial planning services to over 400 families and business owners. The Firm is DFA approved with a highly credentialed staff of eight, including five CFPs.

“Our loyalty to clients has been the cornerstone of our success for the past 20 years,” said Matt Weinheimer, CEO and Founder of Weinheimer. “This partnership with Exencial aligns seamlessly with our commitment to delivering a personalized client experience. We believe this collaboration will further enhance our value proposition.”

“This partnership is more than a business transaction; it's a commitment to the shared mission of delivering top-notch service to our clients,” said John Burns, CEO of Exencial Wealth Advisors. “The addition of Weinheimer to the Exencial family unites our shared values and decades of experience.”

Park Sutton Advisors Managing Director, Dan Erichson, CFA, who led the transaction said, “Exencial is a firm that punches above its weight and can add many of the resources Weinheimer sought in a partner. It is noteworthy that Weinheimer decided to partner with a firm on the smaller side of the credible acquirers over the large national players.” He added, “This marks Park Sutton’s 11th deal in Texas since early 2019, a top geography of interest for acquirers. There continues to be a diverse set of buyers in the RIA market and Exencial is the 14th distinct acquirer this year that has partnered with one of our clients.”