BKD Wealth Advisors and DHG Wealth Advisors have officially merged to form FORVIS Wealth Advisors, a registered investment advisory firm. The entity will provide service to clients throughout the country under the name FORVIS Private Client.
FORVIS, a Top 10 professional services firm, owns the subsidiary FORVIS Wealth Advisors. The firm is also a new creation from the merger of BKD and DHG.
Steve Toomey has been named managing partner and president of FORVIS Wealth Advisors, and Will Sneed has been named executive vice president. Toomey spent 20 years with BKDWA, and Sneed spent more than 15 years at DHGWA prior to the merger. Additionally, Jeff Layman will serve as the chief investment officer. Layman spent 22 years in a similar role at BKDWA.
“This merger gives clients access to a deepened pool of wealth management expertise, and the connection to our parent firm, FORVIS, provides clients access to a broad array of tax, accounting, and advisory services as well,” Toomey said. “We’re extremely excited about the resources we can bring to bear for our clients as a combined entity.”
With a presence in 233 cities in 12 states, FORVIS Wealth Advisors has a portfolio of more than $7.7 billion in assets under management and $1.5 billion in assets under advisement as of March 31, 2022. The firm will provide wealth management services to high-net-worth individuals and families as well as businesses and foundations.
“Our passion to bring financial clarity and peace of mind to high-net-worth individuals and families, businesses, and foundations remains the same,” Sneed said. “We are more committed than ever to bringing our multidisciplinary team approach to the table with innovative and forward-thinking ideas to help our clients solve their complex financial issues and achieve their life goals.”
According to Toomey, the merger creates opportunities for career growth and mobility for FORVIS Wealth Advisors team members across the country , which helps to attract and retain top talent in the competitive field.
“As we grow, we will attract even more of the best talent in our field, which helps all of our team members grow and learn—and ultimately benefits our clients as we work to help them meet their wealth management goals,” Toomey said. “Our clients and our people benefit tremendously from this growth.”