Kentucky-based RIA receives investment to accelerate organic and inorganic growth
MCF Advisors, LLC ,a Kentucky-based registered investment adviser (“RIA”), announced it has entered into a strategic partnership with Wealth Partners Capital Group (“WPCG”), a financial services holding company, and HGGC, a firm focused on partnership investing. WPCG and the Aspire Holdings platform of HGGC have made a minority equity investment in MCF to fuel the firm’s growth through organic client acquisition and strategic M&A while expanding its presence in the greater East South Central U.S. The management team of MCF remains the majority shareholder and will continue to control the decision-making and operations of the firm.
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Founded in 2004 by Chairman Bob Sathe and CEO Dave Harris, MCF is a premier financial services firm headquartered in Lexington, Ky. with additional offices in Covington and Louisville. Committed to delivering exceptional client experiences, MCF provides financial leadership to individuals, families, business owners, and institutional clients. MCF proudly manages over $3.3 billion in client assets as of December 31, 2024.
With a team of seasoned professionals, MCF blends deep expertise with a client-first philosophy to navigate today’s complex financial landscape. The firm offers a comprehensive suite of services, including integrated financial planning, investment management, tax advisory and preparation, estate planning guidance and document preparation, personal CFO services, retirement plan consulting and business advisory solutions.
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“Our clients deserve the best, and our strategic partnership with WPCG and HGGC will ensure we continue to bring on great talent, invest in new technology and provide world class service to our clients,” said Dave. “This investment will allow us to expand our advisory teams, extend our reach and broaden our geographic footprint while remaining true to our core values: delivering on our promises, building meaningful relationships, and prioritizing our clients in every action we take.”
“MCF is an outstanding business with a deep and experienced leadership team and a scalable operating and investment platform,” said John Copeland, Managing Partner of WPCG. “MCF leads with a client-first planning approach, and we are excited to assist Dave and his team as they support more advisors and their clients in more places.”
“Our core strategy at Aspire Holdings is identifying great firms like MCF and then combining our efforts with company management and our partner, Wealth Partners Capital Group, to help drive strategic growth,” said HGGC. “We’re confident that this new relationship will replicate the past success we’ve enjoyed.”
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The partnership closed March 7, 2025. Financial and legal terms of the transaction will not be disclosed. Frost Brown Todd LLP and Gunster served as legal counsel to MCF and the new investor group, respectively.
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Source – Businesswire
