Published On: Wed, Aug 12th, 2020

Cincinnati-based RIA Lenox Wealth Management acquired by Creative Planning

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Creative Planning, a US registered investment adviser (RIA), has acquired Lenox Wealth Management, an RIA firm in Cincinnati, Ohio, for an undisclosed price.

Lenox Wealth Management offers financial planning and investment management for clients with nearly $600 million in assets under management.

The acquisition by Creative Planning is expected to help Lenox Wealth Management improve its service offerings, while getting access to the resources required for supporting its growth.

Peter Mallouk – CEO of Creative Planning said: “John Lame and the Lenox team have built an independent wealth management firm that mirrors the Creative Planning values of independence and a financial planning led investment approach. We welcome John and his team to the Creative Planning family.”

Peter Mallouk further said that Creative Planning already has a significant footprint in Cincinnati and with the addition of Lenox Wealth Management, the company gets to work with hundreds of families in the area with more than a billion in assets. The Creative Planning CEO revealed that the company’s ambition is to become the top choice for individuals looking for independent wealth management in Cincinnati and throughout the US.

John Lame – CEO of Lenox Wealth Management said: “Twenty years ago, Lenox set forth with a vision to better serve the P&G and Cincinnati communities by creating an independent, fee only, multi-family office platform.

“Our partnership with Creative Planning will preserve our heritage as fiduciaries, expand our menu of services, and provide the technology and scale for our advisors to provide the best in class advice and service available for years to come.”

Lenox Wealth Management was exclusively represented in the deal by Park Sutton Advisors and was given legal counsel from Katz Teller Brant & Hild.

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