Just over two months ago, Kansas-based investment advisory firm, Creative Planning, placed itself into the Philadelphia market and now has its sights set on further expansion, writes Jeff Blumenthal for the Philadelphia Business Journal. 

In late November, the firm announced the acquisition of Wilmington-based Daniels + Tansey, and two months prior, Creative Planning added Berwyn-based Kistler-Tiffany Advisors onto its portfolio.

The company’s CEO Peter Mallouk said the two acquisitions serve as complements to its current clients.

“We really were committed to having a more significant presence there,” Mallouk said of Philadelphia. “We’re growing faster in that market than many markets and this really enabled us to match our talent to the inflow of new clients.”

Creative Planning now has almost $3 billion in assets under management in the Philadelphia area, with 30 total employees locally.

Mallouk credits the firm’s rapid growth in Philadelphia to the quality of advisors producing more referrals. 

While Creative Planning doesn’t currently have anything on the table in Philadelphia at the present time, Mallouk said the firm will continue being aggressively acquisitive and opportunistic when the right transaction pops up. 

Read more about Creative Planning’s history and expansion into Philadelphia at the Philadelphia Business Journal. 

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