Springfield-based BKD Wealth Advisors LLC’s assets under management have doubled in seven years.
The BKD LLP division reported this morning in a news release that managed assets crossed the $4 billion threshold. The $2 billion benchmark was reached in November 2012, according to Springfield Business Journal archives.
“Reaching $4 billion in AUM is a significant achievement and a reflection of the hard work, expertise and dedication of our team,” BKD Wealth Advisors Managing Partner Jack Thurman said in the release. “When reflecting upon this milestone, I think most about the relationships we’ve built.”
Founded in 1998, BKD Wealth Advisors’ assets under management were roughly $350 million in 2000. BKD Wealth Advisors was recognized by Forbes in 2016 as one of the Top 100 registered investment advisory firms in the nation. At the time, assets under management were $2.5 billion.
BKD Wealth Advisors does business in 10 offices around the country, according to the release.
BKD LLP reported $662.9 million in revenue to rank No. 12 on Inside Public Accounting’s annual list this year of the top U.S. firms.
Fishing retail shop Modern Outdoor Tackle moved; Healthy Spot LLC opened; and Springfield law firm Strong, Garner & Bauer PC changed names and moved its office.