Kansas City, MO-based Petrovic Financial Services has acquired the business of Financial Security Advisors. The two companies have merged to form Petrovic Weaver Financial Services.
Petrovic Financial Services was founded in 2002 by Alex Petrovic, Jr., and will be bought out by Alex Petrovic III over time.
Sandi Weaver, is the founder of Prairie Village, KS-based Financial Security Advisors, and will remain with the company, along with Alex Petrovic, Jr. They will focus on financial planning, investment management, client relations and business development, while daily management duties will be handled by Alex Petrovic III.
This merger will increase the size of the company to about $120 million in assets under management. The new firm will employ eight people, including four certified financial planners.
Terms of the acquisition were not disclosed.