GREATER CINCINNATI’S JOURNEY ADVISORY GROUP ACQUIRES DAYTON’S TW ADVISORS
Local Company Committed to Purposeful Regional Growth
DAYTON, OHIO - January 3, 2023 –Journey Advisory Group (JAG), a registered investment advisory (RIA) with offices in Northern Kentucky and Blue Ash, today announced the acquisition of TW Advisors, a registered investment advisory firm, based in Centerville, Ohio. TW Advisors was created in 2001 by partners James G. Tillar and Stephen A. Wenstrup to focus on investment management and retirement planning. With nearly $600 million in assets under management (AUM), the acquisition of TW Advisors will bring JAG’s total AUM to $800 million with nineteen employees across three offices. Terms of the deal were not disclosed.
“TW Advisors represents an opportunity for us to continue our regional expansion plans. Their experience and expertise nests nicely with ours, as does their culture,” said Journey Advisory Group CEO, Tyler Lang. “We have very similar outlooks on the importance of personalized client service – and Jim and Steve will continue to be an integral part of the business,” Lang continued. Late last year, JAG sold the operations and client relationships of its Texas and California offices to Allworth Financial, in an effort to focus its business more regionally.
Both Wenstrup and Tillar were attracted to the resources that JAG offers, such as dedicated research, financial planning services for younger clients, estate planning and insurance planning. “We’ve known of JAG through our peers and we were immediately confident when we understood how being a part of their organization could truly benefit our clients,” said Jim Tillar. “We wanted to stay local and ensure the least amount of disruption possible to our clients. They’ve been wonderful to work with and culturally they are a perfect fit – which is huge for us. We aren’t going anywhere anytime soon, so we wanted a firm who could add to the success we’ve built and has a shared value system,” continued Tillar. TW Advisors average household account size is $ 1.1 million.
Jim Tillar holds the Chartered Financial Analyst (CFA) designation and has spent his entire career in the financial sector, with various roles at Dean Investment Associates, prior to TW Advisors. In the local Dayton community, Jim has served as a board member and volunteer with Big Brothers Big Sisters of the Miami Valley and St. Vincent de Paul Dayton.
Steve Wenstrup began his investment career working with small business owners and buyers to evaluate business opportunities. Prior to creating TW Advisors, he worked for a major Wall Street firm and local investment firms including Hatteras Capital, James Investment Research and has successfully completed his National Association of Securities Dealers (NASD) Series 7, 24 and 65.
About Journey Advisory Group Journey Advisory Group (JAG) is a Registered Investment Advisor (RIA), headquartered in Covington, Kentucky, with a presence in Ohio and Kentucky. The independent firm’s holistic and personalized service offering includes financial planning, investment management, tax planning, estate planning, retirement planning, insurance planning, and business succession planning. Journey Advisory Group partners with its clients every step of the way and takes the time to genuinely understand what’s important to them. To learn more about Journey Advisory Group, visit https://www.journeyadvisory.group.
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Media Contact:
Ann Keeling for Journey Advisory Group
513-381-3248