Lakewood Ranch wealth management firm acquired by national agency

A Lakewood Ranch wealth management firm has been acquired by a growing financial advisory company headquartered in Richmond, Virginia. IFS Advisors, based on Professional Parkway in Lakewood Ranch Corporate Park, is now part of Cary Street Partners. Financial terms of the deal were not disclosed.

The Sarasota County office marks the 20th location for Cary Street Partners, which complements its only other Florida location, which is in Tampa.

“This is more than a business decision — it’s about what’s best for our clients,” IFS Advisors Managing Director Daniel Wolff says in a statement. “We’ve watched CSP’s thoughtful growth and how they consistently invest in people, culture and innovation. I knew this was the right move to ensure our clients continue to receive world-class service with even more resources behind them.”

Integrating into the company will bring to IFS Advisors expanded capabilities such as leading-edge technology and the backing of a growing firm expanding across key markets, according to a statement. 

In addition to Florida, Cary Street Partners has a presence in Virginia, Texas, New Jersey, Tennessee, North Carolina and South Carolina, helping clients manage $10.7 billion across all subsidiaries, according to the statement.

“We’re incredibly proud to welcome Dan and the IFS Advisors team to CSP,” Cary Street Partners CEO Joseph R. Schmuckler says in a statement. “Dan’s values, client-first mindset, and deep roots in the community perfectly align with our mission. This partnership represents not just growth, but meaningful alignment around service, trust and long-term value for clients.”