MCF Advisors’ first acquisition brings $178 million in AUM to the firm

MCF Advisors LLC (“MCF”), a Kentucky-based registered investment adviser (“RIA”) serving families, business owners, and entrepreneurs, announced today that Accredited Wealth Management LLC (“AWM”), a Louisville, Ky.-based, fee-only RIA with $178 million in assets under management (“AUM”), has joined the firm. The acquisition expands MCF’s presence in Louisville and adds to its financial planning and investment management capabilities.

Founded by Managing Partners Steve Giacobbe and Shawn Clark, AWM provides custom financial plans and tailored wealth management solutions to its clients. As a result of the acquisition, AWM clients will gain access to MCF’s broad range of resources, enhanced technology, and expanded services. Steve and Shawn will both assume the role of Senior Financial Advisor and Partner and will be joined at MCF by their entire team.

“The acquisition of AWM marks a pivotal milestone for MCF as the firm embarks on a path of intentional and purpose-driven growth. AWM’s steadfast dedication to personalized financial guidance and exceptional client service aligns seamlessly with MCF’s values. MCF is honored to welcome their talented team as our inaugural partnership,” said Dave Harris, MCF CEO and Partner.

“Joining MCF represents an exciting milestone for both our team and clients. Becoming part of a firm that is committed to excellence and shares our client-first philosophy is both energizing and affirming,” said Steve Giacobbe. Shawn Clark added, “With MCF’s robust infrastructure and deep bench of talent, we are confident this partnership will elevate the level of service we provide to clients and unlock meaningful growth opportunities in the Louisville market; we are thrilled to move forward together.”

This acquisition represents MCF’s first transaction since accepting an equity investment in March 2025 from Wealth Partners Capital Group (“WPCG”) and the Aspire Holdings platform of HGGC.

“This partnership is a significant step forward for MCF, marking its first transaction and building on the firm’s presence in Louisville. WPCG is proud to support MCF as the firm broadens its reach and positively impacts more clients, families, and institutions with its tailored wealth management solutions,” said Nick Trepp, Partner and Head of Corporate Development at WPCG.

The acquisition closed on December [12th] and will increase MCF’s AUM to $3.9 billion. The financial and legal terms of the deal were not disclosed.

About MCF Advisors

MCF Advisors, LLC (“MCF”) is an investment management firm headquartered in Lexington, Ky. that serves clients through two divisions: Wealth Management (individuals, families, and business owners) and Institutional (retirement plans: 401(k), deferred compensation & defined benefit; endowments, health benefit trusts, and corporations). The firm’s mission is to provide clients with peace of mind by facilitating successful outcomes through excellent financial leadership, integrity, and service. MCF is an SEC registered investment adviser, providing investment management and/or consulting services on over $3.7 billion client assets as of September 30, 2025. To learn more, please visit www.mcfadvisors.com.

About Wealth Partners Capital Group

Wealth Partners Capital Group (“WPCG”) is a financial services holding company, which invests in and partners with select leading wealth management firms. WPCG’s mission is to use its capital, strategic M&A expertise and organic growth capabilities to help its partner firms grow. WPCG identifies, values and negotiates with wealth advisory practices for its partners to acquire and integrate. For more information, please visit www.wealthpcg.com.

About HGGC

HGGC is a values-driven, partnership-focused private investment firm. The firm’s ecosystem of investors, operators, and professionals are united by the shared mission to develop leading enterprises and build long term value together. HGGC invests in technology, business services, financial services and consumer enterprises generally valued between $200M – $1.5B. The firm is based in Palo Alto, CA and manages over $8 billion in assets under management (as of June 30, 2025). HGGC makes investments in RIAs via its Aspire Holdings platform, which is targeting $300 million of total investment in the space. More information, including a complete list of current and former investments, is available at www.hggc.com.

IMPORTANT DISCLOSURE INFORMATION:

MCF Advisors, LLC is a registered investment adviser under the Investment Act of 1940, for more information visit https://adviserinfo.sec.gov/.

HGGC, LLC is a registered investment adviser under the Investment Act of 1940, for more information visit https://adviserinfo.sec.gov/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251215964853/en/

The acquisition of AWM marks a pivotal milestone for MCF as the firm embarks on a path of intentional and purpose-driven growth.