- Matthew Adams serves as CEO of Mission Wealth
- Mission Wealth manages over $10.7 billion in assets under management
- Founded in 2000, Mission Wealth has 35 plus offices across the US
Great Hill Partners has made a minority investment in Mission Wealth, a Santa Barbara, California-based wealth management firm. No financial terms were disclosed.
The investment will be used to fuel Mission Wealth’s organic growth, enhance its client service offering, and support the firm’s national expansion plans. Mission Wealth remains independent and will be majority owned by its employees.
On the deal, Matthew Vettel, managing director of Great Hill, said in a statement, “We are excited to embark on this journey with Mission Wealth. They have an exceptional leadership team, strong culture and a comprehensive platform to support their advisors and clients. Mission Wealth is a recognized leader in the wealth management industry with an unwavering commitment to superior client service and innovation which has fueled their impressive growth.”
As part of the transaction, Vettel will join the Mission Wealth board of directors. Seward & Kissel acted as legal counsel to Mission Wealth on the transaction. Great Hill was advised by Ardea Partners LP who served as exclusive financial advisor and Goodwin Procter LLP who served as legal counsel.
Matthew Adams serves as CEO of Mission Wealth.
Mission Wealth manages over $10.7 billion in assets under management.
Founded in 2000, Mission Wealth has 35 plus offices across the US.
