Lawing Financial, an Overland Park-based investment and financial planning firm, on Monday announced the purchase of Nadia Cavner Group, a Springfield company that has about $300 million of assets under management.
Financial terms of the acquisition were not disclosed.
Lawing said it has had an “active and growing presence” in the Springfield area since 2008. With the purchase, Lawing said Springfield would be its second-largest operation based on revenue and assets managed.
The Overland Park investment firm was founded in 1985 by Kerry Lawing, who is its president and chief executive officer. The company manages more than $3 billion in customer assets.
“The ability to serve more clients in the Springfield area has been a key part of our business growth strategy,” Lawing said in a statement.
Lawing said the company’s goal is to open new offices in one new city every year for the next four or five years.
In 2013 the firm entered the Denver market in May and the Minneapolis area in October. The company also has offices in Dallas and Cedar Rapids, Iowa.
Lawing Financial employs about 90 investment advisers and 35 other staff members. Its Overland Park office serves as the operational center.