Investment giant Modern Wealth acquires California-based financial consultancy Kaye Capital Management.
In a strategic move to expand its service offerings and strengthen its presence in one of the nation's most sophisticated markets, RIA firm Modern Wealth Management has acquired Kaye Capital Management (KCM). Based in El Segundo, California, KCM manages over $700 million in assets and an additional $300 million in assets under advisement.
The acquisition enhances Modern Wealth's retirement plan services, providing institutional-quality consulting for various qualified retirement plans. KCM's leadership, Ken Watten and David Hilton, will join Modern Wealth as managing directors, bringing exceptional leadership and expertise in both personal wealth management and institutional retirement planning.
Expanded Service Offerings
The acquisition integrates KCM’s specialized services into Modern Wealth’s existing retirement plan business, launched in March 2024. This integration expands Modern Wealth's ability to deliver comprehensive wealth and retirement solutions, strengthening its position as a leading provider in the industry.
KCM's expertise in institutional retirement planning significantly enhances Modern Wealth's capabilities in this area. This allows Modern Wealth to offer more comprehensive solutions for various qualified retirement plans, catering to a diverse clientele, including corporate executives, public servants, physicians, attorneys, entrepreneurs, film directors, writers, and retirees.
As part of Modern Wealth, KCM benefits from an expanded wealth management platform, offering integrated services such as financial and tax planning, estate planning, and investment management.
Strategic Benefits
The acquisition strengthens Modern Wealth’s presence in California, marking its third acquisition in the state this year and establishing a third office. This bolsters its ability to serve a sophisticated market, further solidifying its position as a key player in the wealth management sector.
The addition of KCM also increases Modern Wealth’s assets under management to over $8.5 billion, marking a significant milestone in its growth strategy. KCM will benefit from Modern Wealth’s "Organic Growth Hub" for lead generation, client onboarding, and business support, further enhancing its capacity to grow and serve clients effectively.
Under KCM’s leadership, Modern Wealth now oversees more than $300 million in assets for over 200 households and more than $400 million in retirement plan assets for over 400 companies. Jason Gordo, co-founder and president of Modern Wealth, stated that KCM joining Modern Wealth marks a significant milestone in deepening their reach in California.
This is Modern Wealth's fourth acquisition in 2025, following the asset purchases of Wade Financial Advisory and Planned Asset Management. The acquisitions are part of Modern Wealth's strategic growth plan to expand its service offerings and strengthen its presence in key markets across the nation.
[1] https://modernwealth.com/news/modern-wealth-acquires-kaye-capital-management [2] https://www.prnewswire.com/news-releases/modern-wealth-acquires-kaye-capital-management-301526189.html [3] https://www.advisortoday.com/news/modern-wealth-acquires-kaye-capital-management-to-expand-retirement-plan-services-3523676-1.html
- The acquisition of Kaye Capital Management (KCM) by Modern Wealth Management enhances Modern Wealth's retirement plan services, providing institutional-quality consulting for various qualified retirement plans, a move that strengthens its position as a leading provider in the industry.
- KCM's leadership, Ken Watten and David Hilton, will join Modern Wealth as managing directors, bringing exceptional leadership and expertise in both personal wealth management and institutional retirement planning.
- As part of Modern Wealth, KCM benefits from an expanded wealth management platform, offering integrated services such as financial and tax planning, estate planning, and investment management.
- The acquisition expands Modern Wealth's ability to deliver comprehensive wealth and retirement solutions, catering to a diverse clientele, including corporate executives, public servants, physicians, attorneys, entrepreneurs, film directors, writers, and retirees.
- The acquisition strengthens Modern Wealth’s presence in California, marking its third acquisition in the state this year and establishing a third office, which bolsters its ability to serve a sophisticated market, further solidifying its position as a key player in the wealth management sector.
