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Home / transaction / Berkshire Global Advisors acted as financial advisor to Iron Financial
Berkshire Global Advisors acted as financial advisor to Iron Financial
  • has agreed to sell its 401k and 3(38) business to

    • Berkshire Global Advisors acted as financial advisor to Iron Financial

  • Date: February 2021
  • Sector: Wealth Management
  • Sub-Sector: Retirement Advisory
  • Region: North America
  • Seller AUM: $6 Billion

    • Seller Details:
    Iron Financial was founded in 1994 by Aaron Izenstark and Howard Nixon—two former bond traders who set out to create a new paradigm in investment management, with a focus on providing the highest-quality investments at the lowest cost. Based-in Northbrook, Ill, the firm has a total of $6 billion in assets under management.

    Buyer Details:
    Creative Planning, Inc. is an independent wealth management firm that provides a financial planning led investment management approach, retirement planning, estate planning, trust services, tax advice and family office services for individuals as well as 401(k) and institutional money management. Creative Planning manages over $69 billion in assets across all 50 states.

    Transaction Summary:
    Creative Planning Inc., one of the nation’s largest Registered Investment Advisers, has announced the acquisition of the retirement division of Northbrook, Ill-based Iron Financial.