Cleveland, OH – August 1, 2022
Clearstead Advisors, LLC, a Cleveland-based institutional and private client financial advisory firm, has acquired a local high performing wealth management firm as part of its continued strategy to grow through acquisitions. This will be the sixth acquisition Clearstead has made in the past seven years. This firm will add about $530 million to Clearstead’s current $31 billion under advisement.
On June 30, Clearstead signed a definitive agreement to acquire Scott Snow (financial advisors) LLC, a Westlake-based private wealth management firm founded by Scott Snow in 2005. Snow advises high-net-worth families and provides holistic financial and tax planning services.
Of this acquisition, Clearstead Chairman and CEO Dave Fulton said, “Scott Snow has done a fabulous job building his firm and has provided his clients with his expertise in investments, taxes, and financial planning.”
Scott Snow will join Clearstead as Senior Managing Director and Partner in the firm’s Private Wealth Management Group. Mr. Snow said, “Clearstead is a nationally recognized and well-respected wealth management firm, and I look forward to joining such a talented group of people and enhancing our overall client success.”
Snow will operate under the Clearstead Advisors, LLC name and keep its current location in Westlake.
District Capital Partners served as the exclusive financial advisor to Clearstead on the transaction.
Clearstead is an institutional investment consulting and private wealth management firm, founded in 1989 and headquartered in Cleveland OH. With over 120 employees, the firm tackles complex investment, financial, tax and governance needs for institutional and private clients.
Snow is a private client wealth advisory firm located in Westlake, Ohio. The firm provides investment management and financial and tax planning services for families and individuals, advising about $530 million in investment assets.