Affluent Entities Plan to Acquire Kaye Capital, Increasing Assets Under Management to $8.5 Billion

Modern Wealth, a leading wealth management firm, has announced its fourth acquisition of 2025. This time, the company has set its sights on Kaye Capital Management (KCM), a California-based RIA with over $1 billion in assets under management (AUM) and advisement (AUA).

The acquisition of KCM significantly enhances Modern Wealth's retirement plan advisory services and contributes to its growing national presence. The deal marks Modern Wealth's third acquisition in California this year, further solidifying its position in the Golden State.

Founded in 2000, KCM specializes in financial planning, investment management, and institutional retirement planning. The four-person team, including Ken Watten and David Hilton, has joined Modern Wealth and adopted its brand.

Ken Watten, Co-founder and President of Modern Wealth, stated that the acquisition of KCM strengthens their ability to deliver comprehensive wealth and retirement solutions in California. David Hilton, the other Co-founder of KCM, expressed his excitement about the opportunity, highlighting the expertise of Modern Wealth's retirement plan services team, particularly in plan design, compliance, and administration.

For David and Ken, the complexity of running their business was taking away from their client service. They found that Modern Wealth provides the scale and support they need to continue delivering high-quality services to their clients. As part of Modern Wealth, KCM will gain access to integrated services like financial and tax planning, estate planning, and investment management.

The addition of Ken Watten and David Hilton to Modern Wealth as managing directors is a significant milestone for both companies. Ken Watten expressed that joining Modern Wealth offers an opportunity for personal and professional growth, while David Hilton emphasised the firm's commitment to serving the sophisticated needs of corporations and nonprofit organisations.

The acquisition of KCM builds on Modern Wealth's existing retirement plan business, which was launched in March 2024. This marks another significant milestone for Modern Wealth in deepening their reach in California and strengthening their position as a leading wealth management firm in the United States.

With this acquisition, Modern Wealth's total AUM now stands at $8.5+ billion, a testament to the company's continued growth and success. As Modern Wealth continues to expand, it remains committed to delivering exceptional service to its clients and helping them achieve their financial goals.

Affluent Entities Plan to Acquire Kaye Capital, Increasing Assets Under Management to $8.5 Billion