Following its acquisition of Berwyn-based Kistler-Tiffany Advisors, Kansas-based investment advisory firm Creative Planning is continuing its expansion in the region with another major purchase, writes Jeff Blumenthal for the Philadelphia Business Journal.

Creative Planning acquired Wilmington-based Daniels + Tansey in late November. The company had $535 million in assets under management, which is about half of the $1 billion in assets Kistler-Tiffany Advisors had when it was acquired.

According to Creative Planning CEO Peter Mallouk, the two acquisitions complement “our current team that was already working with hundreds of clients in the area. It really allows us to get a more significant presence.”

The investment advisory firm now has nearly $3 billion in assets under management in the Philadelphia region and employs 30 people locally.

Prior to these two deals, the firm had a handful of investment advisors in the area and about $800 million in assets under management.

“We really were committed to having a more significant presence there,” said Mallouk, referring to Philadelphia. “We’re growing faster in that market than many markets and this really enabled us to match our talent to the inflow of new clients.”

Read more about Creative Planning expanding in the Philadelphia region in the Philadelphia Business Journal.

______