Pure Portfolios Acquired by Waverly Advisors — Financial Services M&A

Waverly Advisors, a strategic acquirer in the wealth management RIA space, has agreed to acquire Pure Portfolios, a Lake Oswego, Oregon-based wealth management firm. The deal is structured as an add-on acquisition and values Pure at roughly $437 million in assets under management as of Dec. 31. Pure’s president and chief investment officer, Nik Schuurmans, and chief financial officer Toby Weber, along with the rest of the Pure team, are expected to join Waverly as partners and wealth advisors, extending Waverly’s footprint in the Pacific Northwest.

Pure Portfolios, founded within the past decade, has focused on a data-driven, client-centered approach to build organic growth in its regional market. Waverly said the acquisition aligns with its partnership criteria and reflects a cultural and strategic fit, while also expanding access to additional planning capabilities, including tax and estate planning resources, to support clients more holistically. The transaction also underscores continued consolidation among independent RIAs seeking scale and operational depth in key U.S. wealth hubs.

While the announcement does not specify a closing date or detailed financial terms beyond the reported AUM-based figure, the move is positioned as Waverly’s ongoing expansion strategy following prior acquisitions. With Waverly now managing about $30.6 billion in assets, the Pure Portfolios add-on is expected to strengthen its Oregon presence and broaden its advisory capacity in the Pacific Northwest.