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Category: Expansions/Relocations

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Savant Capital Management and Huber Financial Advisors Announce Merger

  • Increases Savant’s assets to $8 billion nationally
  • Becomes one of the nation’s largest independent and privately owned fee-only firms
  • Firm well-positioned to reach its goal of improving 1 million lives in 25 years

MADISON, Wis. (Jan. 8, 2020)Savant Capital Management, a nationally recognized, fee-only wealth management firm headquartered in Rockford, IL, with additional locations in Madison and Park Falls, and Huber Financial Advisors, an independent wealth management firm, today announced that they will merge during the first quarter of 2020. The combined firm will become one of the nation’s largest independent and privately owned fee-only Registered Investment Advisory (RIA) firms, increasing Savant’s assets under management (AUM) to $8 billion overall, and employing over 200 people.

Huber Financial Advisors will adopt the Savant Capital Management name and branding after the integration, which is expected to finalize by March 31, 2020. The owners of Huber Financial Advisors will transition their current equity into Savant and several plan to increase their stake over time. In addition, several additional Huber Financial Advisors team members will become Savant owners at closing. Once combined, Savant will have over 70 employee owners and remain both employee-led and controlled.  Savant will have broader employee ownership than nearly any other advisory firm in the industry.

Founded in 1988 by David Huber, Huber Financial Advisors has become a leading RIA firm with 28 employees and serving more than 1,000 families and businesses. Merging with Savant presents an opportunity to significantly enhance Huber Financial Advisors’ capabilities and offerings including Savant’s in-house accounting, estate, trust, wealth transfer, and sophisticated business consulting services.

“This transaction represents two decades of mutual respect for each other’s organizations. Our firms share similar internal cultural and core values as well as parallel philosophies in servicing our clients and providing fiduciary excellence to them,” said Brent Brodeski, Savant’s CEO. “We look forward to welcoming Huber Financial Advisors’ team members to the Savant team and further enhancing services to their clients.”

Huber said, “Since starting Huber Financial in 1988, I have always put our clients first in every decision. Our entire team is delighted to be partnering with Savant and we are all excited about our future, and the opportunities that it represents for our clients and employees.”

Huber Financial Advisors’ leadership will integrate with Savant’s executive team and work together to realize a shared, long-term vision. In addition to working with clients, David Huber, CFP® will have an advisory role to Savant’s board of directors; Rob Morrison, CFP®, will be a member of Savant’s executive team; and Phil Huber, CFA, CFP® will become Savant’s chief investment officer.

The merger will allow Savant to continue its quest to improve more than 1 million lives within the next 25 years. The objective is to improve lives financially, professionally, educationally, philanthropically, and in myriad other ways. Lives might be improved directly (clients and team members), indirectly (participants of retirement plans managed by Savant), or tangentially (beneficiaries of the good work done by non-profits that Savant, Savant’s clients, and Savant team members support).

About Savant Capital Management

Savant Capital Management is a leading independent, nationally recognized, fee-only firm serving clients for 30 years with more than $6 billion in assets under management. As a trusted advisor, Savant Capital Management offers investment management, financial planning, retirement plan, and family office services to financially established individuals and institutions. Savant also offers corporate accounting, tax preparation, payroll and consulting through its affiliate, Savant Tax & Consulting.

Savant Capital Management is a Registered Investment Advisor. Savant’s marketing material should not be construed by any existing or prospective client as a guarantee that they will experience a certain level of results if they engage the advisor’s services. Past performance is no guarantee of future results. Please Note: “Ideal” is not intended to give assurance as to achieving successful results. Different types of investments involve varying degrees of risk. Please see Important Disclosures at savantcapital.com.

Savant is headquartered in Rockford, with locations in Bloomington, Chicago, Downers Grove, Freeport, Hoffman Estates, Naperville, Peoria, St. Charles, Sterling, and Wilmette, IL; Phoenix, AZ; Santa Fe, NM; Madison and Park Falls, WI; and McLean, VA.

Certified Financial Planner Board of Standards Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the U.S., which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

About Huber Financial Advisors

Huber Financial Advisors, LLC, an independent wealth management firm headquartered in Lincolnshire, Illinois, is an investment adviser registered with the Securities and Exchange Commission. The firm advises on more than $1.6 billion in total assets from clients consisting of individuals, high net worth individuals, pension and profit-sharing plans, and charitable organizations. More information is available at www.huberfinancial.com.

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Naviant, Inc. Acquires Business Process Automation Provider in Orem, UT

Media contact: Liz Skolaski | 888.686.8789 x 892 | lskolaski@naviant.com

Naviant, Inc. Acquires Business Process Automation Provider in Orem, UT

Orem, UT & Verona, WI & Akron, OH – January 9, 2020 Naviant, Inc., a leading provider of intelligent automation solutions by Hyland Software and Kryon Systems, announced today that it has signed an agreement to acquire DoxTek. DoxTek is a business process automation provider based in Orem, UT and a licensed reseller of OnBase by Hyland and ABBYY.

As a top Hyland partner, Naviant has been consistently named an OnBase Platinum and Diamond Support partner year after year with a thriving and happy client base. “We are very excited to expand our footprint and combine DoxTek’s powerful customer base and talent with Naviant’s strong commitment to excellent support and delivery for our clients,” said Michael Carr, President & CEO, at Naviant.

“Hyland fully supports this acquisition, and we believe Naviant is a shining example of a partner that provides exemplary delivery and support to their clients. In fact, Naviant was recently named the Top Capture Partner of the Year, Commercial Partner of the Year, and #1 Partner in Marketing Excellence by Hyland Software,” said Eric Miller, Director of Channel at Hyland.

Joe Rayfield, VP Americas/Japan/Australia/NZ of ABBYY Group says, “We are excited to partner with Naviant to continue to grow and support DoxTek’s ABBYY client base, and we look forward to Naviant’s continued investment in the Digital IQ market.”

Michael Miles, President & CEO of DoxTek, says “For 20 years I have built a company based on the principles of teamwork, integrity, customer success and continuous improvement.  I am grateful and excited to add our family of customers and employees to a company in Naviant who share these same values.  This focus has propelled Naviant to be one of the top content service and business process automation providers in the industry.  Naviant brings expanded capabilities in robotic process automation (RPA), SAP integration and business process management (BPM) that enhance the technology expertise DoxTek is known for.  The future for us and our customers has never been brighter!”

Liz Skolaski, EVP & COO for Naviant adds, “I personally look forward to welcoming DoxTek clients and staff into our culture and the Naviant Community. We are excited to deliver on our promise of delivering a better experience and a strong culture of support and partnership.”

About Naviant
Business processes and solutions that empower better and faster decisions are what we do best. As a nationally-recognized intelligent automation solutions integrator and business process consulting organization with over 30 years of experience headquartered in Verona WI, our clients do more with less by streamlining processes and gaining visibility into the information they need to make better decisions. As a long-standing key partner of Hyland Software, Naviant helps organizations operate more efficiently using the OnBase software platform, ABBYY and Brainware intelligent capture platforms, and Kryon Robotic Process Automation platform. Naviant’s “process-first” approach brings focus to the importance of process improvement prior to implementing best-in-class ECM solutions and technology. Naviant is a top-tier partner for OnBase, a single enterprise information platform for managing content, processes, and cases, that combines ECM, case management, business process management (BPM), records management, compliance, and capture functionality on a single platform. In addition, Naviant also partners with Kryon Systems for Robotics Process Automation (RPA) technology to enable organizations to drive business agility and efficiency by offloading repetitive high-volume work to a digital workforce (aka software robots).  To learn more about Naviant, please visit naviant.com. Process focus. Excellence.

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M3 Insurance Announces Strategic Partnership with Hierl Insurance

Mike Victorson, president and CEO of M3 Insurance, and Mike Hierl, president and CEO of Hierl Insurance, announced a merger between the two companies, effective January 1, 2020. Hierl will continue to operate in Fond du Lac, Wisconsin as a location of M3 Insurance, and day-to-day Fond du Lac operations will continue to be led by Mike Hierl. The Hierl team will not change.

“A proud part of the Fond du Lac community for 100 years, we are excited to now offer an even broader range of insurance offerings and resources while maintaining our strong commitment to individual attention and personal relationships with clients,” said Mike Hierl. “They will enjoy the same great service, but with a greater depth of bench and tools going into the next 100 years.”

Mike Victorson adds, “Both agencies enjoy a long history and strong legacy which is fueling our future together. The similarities between the two agencies when it comes to values, attitudes, and culture make this an ideal partnership.”

In addition to the new Fond du Lac location, M3 has offices in Madison, Milwaukee, Wausau, Green Bay, and Eau Claire, Wisconsin, and Rockford, Illinois. With more than 280 employees and 40 employee shareholders, M3 is the largest insurance broker and risk management firm in the state of Wisconsin.

“We have finally found the partner we’ve been looking for,” said Mike Hierl. “After a friendship of 20+ years, two CEOs have decided to join forces. This truly is a partnership built on trust.”

Learn more about Hierl: Powered By M3

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About M3

M3 is the largest insurance broker and risk management firm in the state of Wisconsin. As a top 50 broker in America, we’re leaders in the products we represent and the industries we serve. M3’s people are an extension of your team, providing world-class resources to help you manage risk, purchase insurance, and provide employee benefits. And our focus on community builds better places to live and work.

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CEC Expands Service Area to Reach Education Facilities in Fond du Lac, WI

CEC, a nationally recognized technology systems integrator in the Midwest, is excited to announce its expansion into Fond du Lac, WI, and surrounding areas, including Ripon, Brandon, and Fairwater, with Rauland Education Solutions.

This territory growth positions CEC as the exclusive provider of Rauland Education Solutions, including its well-known Telecenter U, for K-12 schools across the entire state of Wisconsin.

Now CEC can help teachers, staff members, parents, and students in the Fond du Lac, WI, area focus on learning – with powerful technology that has transformed the way schools manage safety and communications.

Available through CEC, Rauland’s Telecenter U communications platform provides school districts with streamlined, network-supported emergency response, event scheduling, and targeted communications – all managed through a single, district-wide, easy-to-use solution. The result: Smart schools that are secure, on time, and always informed.

To learn more about CEC and the technology solutions it provides to customers, visit www.cecinfo.com.

About CEC
With offices in the Midwest serving local and national customers, CEC offers solution design, integration, and technical services specializing in audio/video, fire and security, healthcare communications, IT, and two-way communications. Focused on the customer experience, CEC teams partner with clients to understand their businesses, tailor solutions, and plan for future technology needs. To learn more, visit www.cecinfo.com.

About Rauland

Rauland, a division of AMETEK Inc., is a respected leader in the design and delivery of critical communications, workflow, and life-safety solutions for healthcare and education worldwide. AMETEK is a global leader in electronic instruments and electromechanical devices with colleagues at numerous manufacturing, sales, and service locations in the United States and many other countries around the world. To learn more, visit www.rauland.com.

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My Choice Family Care and Care Wisconsin Plan to Merge Early 2020

OCTOBER 1, 2019—FOR IMMEDIATE RELEASE

My Choice Family Care and Care Wisconsin Plan to Merge Early 2020 Pending regulatory approval, two Wisconsin-based MCOs look to combine strengths, leverage networks

Milwaukee, Wisconsin—My Choice Family Care and Care Wisconsin are pleased to announce they have signed a letter of intent to explore the feasibility of merging into one entity. Any final merger would be subject to regulatory approval. This entity would provide a comprehensive array of services and network of integrated care throughout Wisconsin. Services will include Family Care, Family Care Partnership, SSI Managed Care, Medicare Dual Advantage and Badger Care Plus.

My Choice and Care Wisconsin have strong individual histories of care and service to their members and the communities they serve. My Choice began providing services as one of the original Family Care pilot counties in 2000. Care Wisconsin began as the first adult day care center in Madison, Wisconsin, in 1976 and in 1995 became the first Wisconsin agency to enroll people in the Partnership program.

The organizations have a history of collaboration and are very excited to begin this new chapter together. This merger will build upon the established strengths of both organizations and enhance their ability to effectively coordinate acute, primary, community-based and long-term care services for members with a focus on quality outcomes, member satisfaction, and a robust provider network.

Care Wisconsin Interim CEO Amy Ackerman said “The Care Wisconsin story began more than 40 years ago and we are excited that the next chapter includes merging with My Choice. Like us, they’ve been deeply rooted in and committed to the communities they serve. Our companies have a shared vision and passion for improving our members’ lives.”

This newly merged organization will continue to focus on members first, ensuring continuity of care and services for them, and continued effective and positive relationships with its valued network of providers and community partners.

“My Choice was one of the first Family Care MCOs in Wisconsin” said My Choice CEO Maria Ledger, “but we always strive to be innovative and creative. Care Wisconsin has been a great collaborator over the years and we are very much looking forward to this merger with them. I know we have a lot to learn from each other and we are very excited to get started.”

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For more information, contact:
My Choice Family Care CEO, Maria Ledger | maria.ledger@mychoicefamilycare.org | 414-287-7600
Care Wisconsin COO, Karen Hitchcock | Hitchcockk@carewisc.org | 608-245-3076