News Summary
Composition Wealth, a national wealth management firm, has expanded its reach by acquiring Blue Oak Capital in California and Centricity Wealth Management in Ohio, increasing its assets under management to $9.3 billion. This strategic move showcases the firm’s commitment to catering to high-net-worth clients while reinforcing its national presence. Following these acquisitions, Composition anticipates further geographic expansion into key markets including New York and Boston.
California
Composition Wealth, a national wealth management firm, has significantly expanded its reach by acquiring two advisory firms in California and Ohio, thus increasing its assets under management to $9.3 billion. This marks a strategic continuation of the firm’s growth strategy following its rebranding from Miracle Mile Advisors.
Latest Acquisitions
In California, Composition Wealth has acquired Blue Oak Capital, a firm based in Silicon Valley that specializes in serving complex clients. Blue Oak Capital has approximately $289 million in assets under management, indicating its established presence in the wealth management sector.
Simultaneously, the firm has entered the Ohio market with the acquisition of Centricity Wealth Management, founded by Chris and Wendy Ciehanski. Centricity manages about $192 million for 158 families and several charities, underscoring its commitment to community impact.
Strategic Growth
These acquisitions bring the total number of office locations for Composition Wealth to nine, showcasing the firm’s commitment to broadening its geographical footprint. The firm aims to cater primarily to high-net-worth clients, including business owners, individuals, and families.
Both Blue Oak Capital and Centricity Wealth Management will adopt Composition Wealth branding after the completion of these transactions, further reinforcing the firm’s national presence.
Future Outlook
Composition Wealth has already executed several mergers and acquisitions in 2025 alone and has set its sights on expanding its footprint in regions such as New York, Boston, Austin, and Dallas. The strategy behind these moves reflects a calculated effort to enhance service offerings and broaden market reach to better serve its client base.
Company Background
Founded in Hauppauge, Composition Wealth specializes in wealth management and has built a reputation for a strong client focus. Under the leadership of CEO Bruce Milam, the firm is positioned to capitalize on its newly acquired resources and expand further into the competitive wealth management market.
With the increasing demand for tailored wealth management solutions, the expansion into California and Ohio positions Composition Wealth to better meet the needs of affluent clients nationwide while simultaneously fostering community relationships through its newly acquired firms.
Deeper Dive: News & Info About This Topic
- Long Island Business News
- Citywire
- AdvisorHub
- Wikipedia: Wealth Management
- Encyclopedia Britannica: Wealth Management
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