Modern Wealth Management Acquires AWA Wealth Management

Modern Wealth Management LLC acquired AWA Wealth Management, a California-based registered investment advisor that manages approximately $290 million in client assets. The acquisition marks the firm's sixth purchase in 2026 and its 24th since the company began operations. The full AWA team joined Modern Wealth, including lead advisor Grant Andrews, CFP, Director of Operations Toni Farkas, and Client Services Manager T.J. Peterson. For founder Derrick Andrews, the deal allows him to step back from day-to-day operational demands.

The transaction adds AWA's client base and specialized services into Modern Wealth Management's portfolio. This move contributes to the ongoing consolidation within the specialized wealth management sector. The integration of the two firms affects the service offerings available to the combined client base.