Wealthspire Expands Indianapolis Footprint with Acquisition of Fi3 Advisors
New York-based Wealthspire has entered into an agreement to acquire Fi3 Advisors, an Indianapolis-based boutique advisory firm. The deal adds approximately $1.2 billion in assets under management (AUM) to Wealthspire’s portfolio and marks the firm’s second strategic acquisition in the Indianapolis market this year.
The acquisition, executed through Wealthspire’s Fiducient Advisors business, is designed to strengthen the firm’s presence among high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients in the Midwest. By integrating Fi3 Advisors, Wealthspire increases its total assets in the Indianapolis region to roughly $3 billion.
Strategic Growth in the Midwest
This move follows the recent acquisition of Axia Advisory, an Indianapolis-based investment advisory and retirement plan consulting firm with $1.9 billion in client assets. Together, these two acquisitions demonstrate a concerted effort by Wealthspire to scale its institutional and private client relationships within a single geographic hub.
Wealthspire’s overall scale continues to grow, with combined assets across its various business lines now reaching $593 billion. This expansion allows the firm to combine the personalized approach of boutique advisory services with the resources of a global integrated platform.
Enhanced Capabilities for High-Net-Worth Clients
A central component of the acquisition is the integration of Fi3 clients into the Wealthspire Family Office. Launched in March 2026, this platform bundles specialized services into a single shop for ultra-high-net-worth families. Fi3 clients will now have access to a broader suite of resources, including:
- Advanced Tax and Estate Planning: Sophisticated strategies to preserve wealth across generations.
- Family Office Accounting: Specialized financial reporting and management for complex household structures.
- Trust Services: Comprehensive administration and oversight of fiduciary arrangements.
- Life Management: Dedicated support for the non-financial complexities of UHNW lifestyles.
Ivan Hoffman, who founded Fi3 Advisors in 2013, noted that the partnership allows his clients to access these expanded resources while maintaining the same level of personalized service they have received for over a decade.
Leadership and Continuity
To ensure a seamless transition for clients, the leadership team at Fi3 Advisors will remain in place. This includes managing partner Ivan Hoffman, along with partners Matt Simpson and Sam Muse. Senior advisor Amy Hlavacek also remains part of the team.
Wealthspire CEO Mike LaMena stated that Fi3’s approach to client service aligns closely with Wealthspire’s own philosophy, combining personalized guidance with the scale necessary to support complex financial needs over time.
Key Takeaways: Wealthspire and Fi3 Advisors Deal
- Assets Added: Approximately $1.2 billion in AUM from Fi3 Advisors.
- Regional Impact: Wealthspire now manages roughly $3 billion in assets within the Indianapolis market.
- Service Expansion: Fi3 clients gain immediate access to the Wealthspire Family Office platform.
- Operational Continuity: Fi3’s founding partners and senior leadership will continue to lead the Indianapolis team.
- Corporate Scale: The move contributes to Wealthspire’s total combined assets of $593 billion.
Looking Ahead: The Trend of RIA Consolidation
The acquisition of Fi3 Advisors is a clear example of the ongoing consolidation trend within the Registered Investment Advisor (RIA) industry. Larger firms are increasingly acquiring boutique practices not just for their assets, but for their specialized client niches and regional expertise.
As wealth management becomes more complex, the “family office” model is becoming a critical differentiator. By building out a comprehensive platform that handles everything from trust services to lifestyle management, Wealthspire is positioning itself to capture a larger share of the UHNW market, moving beyond traditional investment management into holistic wealth orchestration.