BakerAvenue Wealth Management has secured a strategic minority investment from Constellation Wealth Capital to support continued expansion of the firm’s integrated wealth management platform.
BakerAvenue manages approximately $6.3 billion in assets and provides integrated wealth management and specialized concentrated stock management services.
The existing BakerAvenue leadership team will remain majority owner of the company and retain operating control following Constellation’s investment.
The additional capital is intended to support expansion of BakerAvenue’s tax preparation, estate planning and corporate trustee capabilities.
The company also plans to invest in expansion into new markets, recruiting financial advisers and developing additional organic growth channels.
BakerAvenue was founded 22 years ago and has built its platform around integrating investment management with tax preparation and estate planning.
The firm said its model is designed to give advisers the ability to provide coordinated guidance across a client’s broader financial circumstances.
BakerAvenue reported a 23% compound annual growth rate in organic assets under management from 2021 through 2025.
Constellation Wealth Capital focuses on minority investments in scaled independent registered investment advisers.
The transaction is intended to provide BakerAvenue with long-term capital and strategic resources without changing its existing client teams or wealth management philosophy.
Colchester Partners served as financial adviser to BakerAvenue, while Alston & Bird provided legal counsel.
Gibson Dunn served as legal counsel to Constellation Wealth Capital.
KEY QUOTES:
“We founded BakerAvenue 22 years ago with a firm belief that people, community, and culture should be at the heart of everything we do. With CWC, we found a partner who shares those values and our vision for the future. We’re excited about what we can accomplish together as we look to broaden and deepen the impact we make for the families and clients we serve.”
Simon Baker, Founder and Executive Chairman of BakerAvenue
“This marks an exciting new chapter for BakerAvenue. We were intentional in finding a partner aligned with our long-term vision. We believe CWC’s deep understanding of the wealth management industry, collaborative approach, and experience supporting the growth of independent wealth management firms will help us deepen what we do best and expand the infrastructure behind our operating model. Clients will continue working with the same team and philosophy, now supported by additional resources.”
Tom Ngo, CEO and Partner at BakerAvenue
“BakerAvenue has built a distinctive business, combining an integrated approach to wealth management with a strong culture and a deep commitment to its clients. Our partnership reflects a shared vision for the future and a commitment to long-term growth. We look forward to working alongside Simon, Tom and the entire BakerAvenue team as they continue to build on their success and pursue the next chapter for the firm.”
Karl Heckenberg, President and Managing Partner of Constellation Wealth Capital
“BakerAvenue’s strong organic growth, integrated wealth management model, and compelling investment program provide a solid foundation for its next phase. We see significant opportunities to build on that foundation — our focus is on providing the long-term capital and strategic resources to help the team continue to execute on their strategic priorities. We’re excited about what we can accomplish together while supporting the independence and entrepreneurial approach that have contributed to BakerAvenue’s success.”
Pat McHugh, Partner and Head of Investments at Constellation Wealth Capital
