Mission Wealth Announces Strategic Investment from Great Hill Partners
Deal News | May 01, 2025 | Great Hill Partners
Mission Wealth, a leading wealth management firm, has announced a minority investment from Great Hill Partners, coinciding with its 25th anniversary. This investment is aimed at bolstering Mission Wealth’s growth, client service, and national expansion, while retaining majority employee ownership. The firm, founded in 2000 in Santa Barbara, California, offers comprehensive financial services to over 4,100 high-net-worth clientele across the U.S. This partnership will enhance Mission Wealth's technological capabilities and support their mergers and integration plans. Great Hill's involvement brings both financial resources and intellectual capital to the table, and as part of the collaboration, Matthew Vettel from Great Hill will join Mission Wealth's Board of Directors. The terms of the transaction weren't disclosed, but Seward & Kissel and Ardea Partners LP aided in legal and financial advisory roles respectively.
Sectors
- Wealth Management
- Private Equity
- Financial Services
Geography
- United States – Mission Wealth is based in Santa Barbara, California, and operates across the U.S. with more than 35 offices.
Industry
- Wealth Management – Mission Wealth operates in the wealth management sector, providing financial planning, investment management, and other related services.
- Private Equity – Great Hill Partners is a private equity firm investing in high-growth companies, including Mission Wealth.
- Financial Services – The article discusses a strategic investment in a financial services company, focusing on wealth management, financial planning, and related services.
Financials
- Not Disclosed – The terms of the transaction including the amount were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mission Wealth | Target | Company | A leading wealth management firm based in Santa Barbara, California. |
| Great Hill Partners | Bidding Company | Company | A private equity firm investing in high-growth companies, providing strategic investment to Mission Wealth. |
| Matthew Adams | CEO of Mission Wealth | Person | CEO overseeing Mission Wealth's strategic partnership and growth initiatives. |
| Matthew Vettel | Managing Director of Great Hill Partners | Person | Joined the Board of Directors at Mission Wealth as part of the investment deal. |
| Seward & Kissel | Legal Advisor to Mission Wealth | Company | Provided legal counsel to Mission Wealth in the investment transaction. |
| Ardea Partners LP | Financial Advisor to Great Hill | Company | Served as the exclusive financial advisor to Great Hill Partners for the investment. |
| Goodwin Procter LLP | Legal Advisor to Great Hill | Company | Provided legal counsel to Great Hill Partners in the investment transaction. |