Composition Wealth Expands with Major Acquisitions

News Summary

Composition Wealth, a national wealth management firm headquartered in Hauppauge, has expanded its portfolio significantly by acquiring two firms in California and Ohio. With the addition of Blue Oak Capital and Centricity Wealth Management, the firm’s assets under management have risen to $9.3 billion. This strategic growth initiative aims to enhance their service offerings and broaden their geographical footprint, further positioning Composition Wealth to serve high-net-worth clients across the nation.

California and Ohio

Composition Wealth, a growing national wealth management firm headquartered in Hauppauge, has significantly expanded its reach by acquiring two advisory firms in California and Ohio, increasing its total assets under management to an impressive $9.3 billion. This strategic move highlights the firm’s commitment to enhancing its service offerings and geographical footprint in the wealth management sector.

Acquisition Details

In California, Composition Wealth has purchased Blue Oak Capital, located in Silicon Valley. Blue Oak, led by Thomas Baker, specializes in providing services to complex clients and currently manages around $289 million in assets. The firm is known for its client-centric approach, which aligns well with Composition Wealth’s mission to serve high-net-worth individuals and families.

Simultaneously, Composition Wealth has entered the Ohio market by acquiring Centricity Wealth Management, founded by Chris and Wendy Ciehanski. Centricity focuses on managing wealth for families and charities, overseeing approximately $192 million in assets for 158 families and charitable organizations. These acquisitions illustrate Composition’s strategy of not only expanding its asset base but also enhancing its community engagement through locally recognized firms.

Strategic Growth Initiative

The acquisitions of Blue Oak Capital and Centricity Wealth Management are a part of Composition Wealth’s broader national growth strategy, which has seen a series of mergers and acquisitions, particularly in the year 2025. Bruce Milam serves as the CEO of Composition Wealth and emphasizes the importance of these acquisitions in continuing the firm’s trajectory since rebranding from Miracle Mile Advisors.

With these recent moves, Composition Wealth has established nine additional office locations, further solidifying its presence across multiple regions. Both newly acquired firms are set to adopt the Composition Wealth branding, thereby extending the company’s identity across the national landscape.

Target Market and Future Plans

Composition Wealth primarily focuses on serving high-net-worth clients, which includes business owners, individuals, and families seeking comprehensive wealth management services. The firm’s growth has positioned it to capture greater market share and serve a broader array of clients through the integration of specialized services from the newly acquired firms.

Looking ahead, Composition Wealth aims to target key markets such as New York, Boston, Austin, and Dallas for future expansion. This forward-looking strategy underscores the firm’s goal of diversifying its operations across different geographical areas and enhancing its overall value proposition for clients.

Industry Context

The wealth management industry has experienced significant transformation in recent years, driven by increasing competition and changing client needs. Firms that strategically pursue mergers and acquisitions, like Composition Wealth, are better positioned to adapt to market changes and offer more comprehensive services. Composition’s recent acquisitions are in line with this trend, reflecting the ongoing consolidation in the industry as firms seek to enhance their service capabilities and geographical presence.

As Composition Wealth moves forward with its growth strategy, it aims not just to expand its asset base, but to create a more robust platform for delivering high-quality, personalized wealth management solutions to an ever-evolving client base.

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Author: HERE San Diego

HERE San Diego

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