The acquisition is a first for Everhart Advisors and will result in a 25 percent increase in size, the company said.
MBF has consulted on about $310 million of retirement plan assets, and managed nearly $35 million for individuals and families, Everhart said.
MBF’s five employees have all been retained and are now operating Everhart Advisors’ Dayton location. Lisa Block, the former President of MBF, is leading the Dayton team, Everhart said.
“When considering potential acquisitions, it was important to find a firm that shared our values, philosophy and personalized approach to working with our clients,” Scott Everhart, Everhart president, said in his company’s release. “The belief that this was the right fit was a mutual one. We are excited for the opportunity to expand our presence in the Dayton area.”
Established in 1995, Everhart Advisors employs 19 in its Dublin office in addition to the five employees in Moraine.
Everhart Advisors has been recognized as a PlanAdviser’s 2016 “Top 100 Retirement Plan Adviser,” and was one of six finalists for the PlanSponsor Magazine Adviser Team of the Year in 2013.
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