Waverly Advisors Acquires Forefront Wealth Management
Waverly increases market presence in Pennsylvania
Waverly Advisors, LLC, a federally registered investment adviser (“RIA”) that specializes in investment management, financial planning and wealth management solutions for a diverse group of high-net-worth individuals, corporate retirement plans and institutional clients, has acquired Forefront Wealth Management (“Forefront”), a wealth management firm located in Malvern, PA. This partnership supports Waverly’s growth strategy in the Mid-Atlantic market, enhancing the firm’s presence in the region.
Forefront has offered comprehensive financial planning, investment management, and retirement plan consulting in its local community since 2018. With a focus on transparency, integrity, and building long-term relationships, Forefront has earned a reputation for delivering tailored, goals-based financial solutions. Carl Schultz, Forefront CEO and CIO, will join Waverly as a Partner and Wealth Advisor. The entire Forefront team joins Waverly with the acquisition, increasing Waverly’s assets under management by approximately $257 million (as of 06.30.2025).
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“This partnership strengthens Waverly’s ability to deliver an exceptional client experience,” said Justin Russell, President and CEO of Waverly. “Together, we are expanding the firm’s reach while staying true to a shared culture of collaboration and excellence.”
“Forefront was built on a commitment to helping clients live their best financial lives,” said Carl Schultz. “By partnering with Waverly, we are aligning with a firm whose values, resources, and client-first approach will allow us to enhance the services and opportunities we provide to clients.”
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The acquisition of Forefront marks Waverly’s 29th transaction since accepting an equity investment in December 2021 from Wealth Partners Capital Group (“WPCG”) and HGGC’s Aspire Holdings platform. The transaction closed on December 5, 2025.
“It is exciting to welcome Forefront to the Waverly family,” said Mac Selverian, Partner at WPCG. “This partnership brings together two strong teams resulting in a combined expertise that will significantly enhance the client experience and create long-term value for all involved.”
Financial and legal terms of the deal will not be disclosed.
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