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Modern Wealth Adds $290 Million California Firm, Extending Founder’s Vision for the Next Generation

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Modern Wealth Adds $290 Million California Firm, Extending Founder’s Vision for the Next Generation

Modern Wealth Management (“Modern Wealth”), a registered investment advisory (RIA) firm founded to meet the evolving needs of financial professionals and their clients, today announced the acquisition of AWA Wealth Management, an Auburn, California-based wealth management firm overseeing approximately $290 million in client assets.

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“Joining Modern Wealth gives our team additional resources and support while allowing us to preserve the relationships and planning philosophy that have defined AWA.”

Founded in 1994 by Derrick Andrews, CFP®, CEP®, AWA Wealth Management provides wealth management for multi-generational families and business owners primarily in and around Auburn and Redding, California, as well as clients across the country who have maintained relationships with the firm after moving. AWA’s planning-led approach spans financial planning, investment management, tax planning and preparation, estate planning and coordination with outside professionals.

“Modern Wealth’s approach to financial planning and advice aligns closely with the firm that we’ve built over the past 32 years,” said Andrews, president and founder at AWA Wealth Management. “Joining Modern Wealth gives our team additional resources and support while allowing us to preserve the relationships and planning philosophy that have defined AWA. It also gives me greater capacity to focus on clients, develop the next generation of our team and put the firm on a stronger path for long-term succession.”

By joining Modern Wealth, AWA Wealth Management strengthens its ability to serve clients across multiple areas of their financial lives, including access to additional estate and trust planning resources, tax capabilities, retirement-plan expertise and portfolio-management resources.


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