July 5, St. Louis, MO – Krilogy Financial continues its rapid growth pace in 2016 with the recent acquisition of one firm, The Sher Group and addition of another, OPTIMUM Wealth Management. The addition represents an increase of $160 million in assets under management, bringing Krilogy’s total assets to about $625 million and increasing its employee count to 37.
The Sher Group, a Clayton-based wealth management firm founded by Diane Sher in 2003, and OPTIMUM Wealth Management, a Frontenac firm founded by Stephen Green in 2008, have brought their teams of financial planners and support staff, 7 team members in total, to Krilogy. All share common values of client service, and operate under an independent Registered Investment Advisor (RIA) model, serving as fiduciaries for clients. This made the firms a natural fit to join Krilogy.
“Over the last 12 to 18 months as Krilogy has attracted and added talent and experience to the firm, we have done so in a very deliberate and methodical manner in order to assure the preservation of the firm’s mission and culture,” said Kent Skornia, president and CEO. “The clients always comes first and we hold a firm commitment to investing in their experience. That’s why growth for us means that we’re consistently enhancing that experience by broadening our team, creating deeper niche service areas, and developing our younger advisors through mentorship. The addition of The Sher Group and OPTIMUM Wealth Management will significantly contribute to those objectives.”
Krilogy has assumed the former Sher Group space at 8000 Maryland Avenue, which will serve as Krilogy’s Clayton office. The OPTIMUM team has moved from its Frontenac location into Krilogy’s Creve Coeur headquarters. In 2015, Krilogy opened a branch office in St. Charles County, and also recently opened an additional office in St. Louis County on Howdershell Road. The four locations enhance the firm’s ability to serve clients throughout the greater St. Louis region.
Krilogy’s growth is also evidenced in the recent naming of three new partners to the firm. Senior Financial Advisors Patrick Monahan and Patrick O’Brien, as well as Director of Operations Jaime Shelton were announced as partners in June. Each was an early member of the Krilogy team, and has played an instrumental role in establishing and developing the firm.
Krilogy remains in growth mode, and continues to pursue additional acquisitions and new financial advisors to join the Creve Coeur, St. Charles, and Clayton offices.
About Krilogy Financial
Krilogy Financial is an independent financial services firm focused on developing customized wealth management strategies available to a broad spectrum of clients. From wealth management to wealth accumulation, Krilogy Financial offers a seamless pathway to unite each client’s complete financial needs in one location. The firm’s expertise is centralized within three key building blocks of financial success: financial planning, portfolio management and insurance services. In 2014, 2015, and 2016, Krilogy was named to the St. Louis Business Journal’s list of the Fastest Growing Companies in the area, and the INC 5000 list of the country’s fastest growing companies in 2014 and 2015. The firm was also named among St. Louis’ “Best Places to Work” in 2016 by the St. Louis Business Journal and was listed in the Financial Times FT 300 list of the country’s top Registered Investment Advisory (RIA) firms. For information, call 314.884.2800 or visit www.krilogy.com.