News Summary

Composition Wealth, a national wealth management firm, has expanded its operations through the acquisition of Blue Oak Capital in California and Centricity Wealth Management in Ohio. This growth increases the firm’s assets under management to $9.3 billion, reflecting its ongoing strategy to enhance service offerings for high-net-worth clients across the nation. The newly acquired firms will adopt Composition branding, emphasizing personalized service and community impact as integral aspects of their operations. The firm is also eyeing further growth opportunities in key markets including New York, Boston, Austin, and Dallas.

California and Ohio

Composition Wealth, a national wealth management firm headquartered in Hauppauge, has significantly expanded its operations by acquiring two advisory firms in California and Ohio. This strategic move has increased the firm’s assets under management to $9.3 billion.

The acquisition of Blue Oak Capital in Silicon Valley marks Composition Wealth’s continued growth in California. Blue Oak, led by Thomas Baker, specializes in serving complex clients, and brings approximately $289 million in assets under management. Additionally, Composition Wealth’s entry into the Ohio market comes through its acquisition of Centricity Wealth Management, a firm established by Chris and Wendy Ciehanski that manages about $192 million for 158 families and some charities.

These acquisitions align with Composition Wealth’s ongoing national growth strategy, which has followed its rebranding from Miracle Mile Advisors. The firm aims to cater to high-net-worth clients, including business owners, individuals, and families, ensuring a broad range of financial services across the nation.

Expansion and Brand Integration

As a result of these new acquisitions, Composition Wealth has expanded its office locations to a total of nine. Following the completion of these deals, both Blue Oak Capital and Centricity Wealth Management will adopt Composition branding, reflecting the firm’s unified approach to wealth management.

CEO Bruce Milam has noted the importance of both firms’ client-focused practices and community impact as integral to their decision to acquire them. This emphasis is part of Composition Wealth’s aim to foster both personalized service for clients and a commitment to community engagement across its new locations.

Future Growth Aspirations

Composition Wealth’s acquisition strategy does not stop with these recent deals. The firm has actively completed several mergers and acquisitions throughout 2025 and has plans to target other key regions for future growth. Areas such as New York, Boston, Austin, and Dallas are under consideration, suggesting a robust vision for nationwide expansion and enhanced service offerings.

The firm’s leadership is optimistic about the potential for enhancing its presence in these markets, reflecting a broader trend of consolidation in the wealth management industry—a move intended to capitalize on economies of scale and broaden the range of services available to high-net-worth clients.

Industry Context

The wealth management sector has seen a significant rise in mergers and acquisitions as firms look to expand their geographic footprints and enhance their capabilities. This trend allows firms like Composition Wealth to leverage established client bases and experienced teams within the acquired firms, thus improving services and operational efficiency.

Composition Wealth’s recent acquisitions are indicative of a strategic vision that prioritizes growth and client service while ensuring that the values and missions of the consolidated firms resonate with the overarching goals of the parent organization. As the financial landscape evolves, firms will continue to find new ways to adapt and thrive amid changing market conditions.

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