Modern Wealth Management Acquires 4thGEN Wealth
The Lodi-based firm brings $330 million in assets to the expanding Monterey-based wealth management company.
Updated on Oct. 20, 2026 in Financial Planning
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Modern Wealth Management has completed its acquisition of 4thGEN Wealth Management, based in Lodi, California. This deal adds $330 million in assets under management to the firm.
Why it matters
The acquisition prioritizes succession planning for 4thGEN Wealth Management, ensuring the firm's advisors continue their active involvement in business operations.
Modern Wealth Management has now completed 7 acquisitions in 2026, totaling 25 deals since the company was founded in 2023.
The players
Kenneth F. Levy
He is an advisor who transferred to Modern Wealth Management as part of the acquisition.
Corey N. Daniel
He is an advisor who transitioned to Modern Wealth Management following the deal.
Dudley McGee
He is an advisor who joined Modern Wealth Management through the firm's purchase of 4thGEN Wealth Management.
DeAnn Murray
She is a senior client associate who moved to Modern Wealth Management.
Chris Taylor
He is a business development specialist who joined the team at Modern Wealth Management.
The details
Three advisors and two support staff members from 4thGEN Wealth Management have joined the acquiring firm. The existing support team at the Lodi office will remain in place to maintain continuity for current clients.
Timeline
Modern Wealth Management was founded in 2023.
AWA Wealth Management was acquired in September 2026.
The acquisition of 4thGEN Wealth Management was finalized in October 2026.
Market Dynamics
This deal follows the ongoing consolidation trend in the independent wealth management sector, as firms continue to integrate smaller local practices. The move signals Modern Wealth Management's aggressive growth strategy to expand its presence across California.
Clients of the Lodi-based firm will experience continuity as their advisors remain active and the original support staff stays in place. The acquisition effectively integrates these assets into a larger management structure that has completed 25 total deals.
The takeaway
Succession planning remains a primary driver for independent wealth firms looking to preserve continuity for their clients. Investors should monitor how rapidly expanding firms maintain personalized service levels after absorbing multiple local offices.
Further reading
For more information on market trends, visit the Financial Planning section.
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