Apollon Wealth Management, a Mount Pleasant, S.C.-based wealth management firm with more than $8.65 billion in assets under management, has agreed to acquire The Motley Fool’s wealth management division in a deal expected to close in 2026.
Motley Fool Wealth Management has eight financial advisors and 15 other employees managing about $1.5 billion in client assets, according to its website. The RIA was founded in 2014 to tap Motley Fool’s retail investor and researcher client base and recently hired a financial planning head from Ellevest to expand its planning options.
Following the acquisition, the firm will gain further access to financial planning, investments and related wealth services through Apollon, including estate planning, according to an announcement.
Earlier this year, the original founders of Motley Fool Wealth Management, Nick Crow and Bryan Hinmon, sold their own RIA, Hoot Wealth, to aggregator Maridea Wealth Management. The division had started as a robo advisor, but eventually offered human advisors for clients with $300,000 or more in assets.
Motley Fool Wealth Management is currently led by Interim President Megan Brinsfield, who started with the firm in 2014 as director of financial planning. The firms did not immediately respond to a request for comment about what her role will be after the acquisition.
The Motley Fool, based in Alexandria, Va., and its asset management arm, will not see any changes as a result of the transaction, according to the announcement.
Oppenheimer & Co. Inc. was the financial advisor, and Dechert LLP was legal counsel to Motley Fool Wealth Management in the deal.
Merchant Investment Management holds a minority stake in Apollon.
