Louisville, December 17, 2025
MCF Advisors, a registered investment adviser based in Lexington, has expanded its operations in Louisville by acquiring Accredited Wealth Management. The acquisition increases MCF Advisors’ assets under management to $3.9 billion and brings AWM’s founders on board as Senior Financial Advisors. This strategic move aims to enhance financial planning and investment services in the region following an equity investment from Wealth Partners Capital Group and HGGC.
Louisville, Kentucky – MCF Advisors Enhances Louisville Presence with Acquisition of Accredited Wealth Management
MCF Advisors, a Lexington-based registered investment adviser, has expanded its Louisville operations by acquiring Accredited Wealth Management (AWM), a fee-only firm managing $178 million in assets.
Details of the Acquisition
The acquisition, finalized on December 12, 2025, increases MCF Advisors’ assets under management to $3.9 billion. AWM’s founders, Steve Giacobbe and Shawn Clark, along with their team, will join MCF Advisors as Senior Financial Advisors and Partners. This partnership aims to enhance MCF Advisors’ financial planning and investment management services in the Louisville area.
Strategic Significance
This move marks MCF Advisors’ first acquisition since receiving an equity investment from Wealth Partners Capital Group and HGGC in March 2025. The partnership is expected to fuel MCF Advisors’ growth through organic client acquisition and strategic mergers and acquisitions, expanding its presence in the greater East South Central U.S. region.
About MCF Advisors
Founded in 2004, MCF Advisors is a Kentucky-based registered investment adviser serving families, business owners, and entrepreneurs. The firm offers comprehensive wealth management services, including financial planning, investment management, and institutional services. As of September 30, 2025, MCF Advisors manages over $3.7 billion in client assets.
About Accredited Wealth Management
Established by Steve Giacobbe and Shawn Clark, AWM is a Louisville-based, fee-only registered investment adviser. The firm specializes in providing custom financial plans and tailored wealth management solutions to its clients, emphasizing personalized financial guidance and exceptional client service.
About Wealth Partners Capital Group
Wealth Partners Capital Group is a financial services holding company that invests in and partners with select leading wealth management firms. Their mission is to use capital, strategic M&A expertise, and organic growth capabilities to help partner firms grow and positively impact more clients, families, and institutions with tailored wealth management solutions.
About HGGC
HGGC is a values-driven, partnership-focused private investment firm. The firm invests in technology, business services, financial services, and consumer enterprises, generally valued between $200 million and $1.5 billion. HGGC’s ecosystem of investors, operators, and professionals is united by the shared mission to develop leading enterprises and build long-term value together.
Frequently Asked Questions (FAQ)
What is the significance of MCF Advisors’ acquisition of Accredited Wealth Management?
The acquisition enhances MCF Advisors’ financial planning and investment management services in the Louisville area, increasing their assets under management to $3.9 billion.
Who are the key individuals involved in this acquisition?
Steve Giacobbe and Shawn Clark, founders of Accredited Wealth Management, will join MCF Advisors as Senior Financial Advisors and Partners, along with their entire team.
What is the role of Wealth Partners Capital Group and HGGC in this acquisition?
Wealth Partners Capital Group and HGGC made an equity investment in MCF Advisors in March 2025, supporting the firm’s growth through strategic mergers and acquisitions.
What services does MCF Advisors offer?
MCF Advisors provides comprehensive wealth management services, including financial planning, investment management, and institutional services, serving families, business owners, and entrepreneurs.
What is the mission of Wealth Partners Capital Group?
Wealth Partners Capital Group aims to use capital, strategic M&A expertise, and organic growth capabilities to help partner firms grow and positively impact more clients, families, and institutions with tailored wealth management solutions.
Key Features of the Acquisition
| Feature | Details |
|---|---|
| Acquiring Firm | MCF Advisors |
| Acquired Firm | Accredited Wealth Management |
| Assets Under Management (AUM) Post-Acquisition | $3.9 billion |
| Location of Acquisition | Louisville, Kentucky |
| Key Individuals Joining MCF Advisors | Steve Giacobbe and Shawn Clark |
| Investment Partners | Wealth Partners Capital Group and HGGC |
| Services Offered by MCF Advisors | Financial planning, investment management, and institutional services |
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