Modern Wealth Expands in California with $290 Million Sacramento Area Team
We are excited to announce that Modern Wealth Management has acquired AWA Wealth Management, a 32-year-old firm based in Auburn, California, just outside Sacramento. The partnership brings approximately $290 million in client assets to our firm and extends a founder’s vision for the next generation of advisors.
Strengthening Our California Presence
AWA Wealth Management provides wealth management for multi-generational families and business owners primarily in and around Auburn and Redding, California, as well as clients across the country who have maintained relationships with the firm after moving. AWA’s planning-led approach spans financial planning, investment management, tax planning and preparation, estate planning and coordination with outside professionals.
By joining Modern Wealth, the AWA team strengthens its ability to serve clients across multiple areas of their financial lives, including access to additional estate and trust planning resources, tax capabilities, retirement plan expertise and portfolio management resources. The team also gains deeper operational support, allowing its advisors to devote greater time to client relationships, business development, and advisory work.
A Founder-Led Practice Built for the Next Generation
AWA Wealth Management was founded in 1994 by Derrick Andrews, CFP®, CEP®, who has spent more than three decades building a relationship-driven, comprehensive practice. Andrews will take on the role of managing director at Modern Wealth. Joining Modern Wealth alongside Andrews is the entire AWA team, composed of Lead Advisor Grant Andrews, CFP®, Director of Operations Toni Farkas, Client Services Manager T.J. Peterson, and Relationship Manager Chelsea Bailey, CFP®. The transaction will provide additional resources and development opportunities as Grant continues expanding his advisory responsibilities, and Chelsea works toward a larger advisory role over time.
Leadership Perspectives
“Modern Wealth’s approach to financial planning and advice aligns closely with the firm that we’ve built over the past 32 years,” Derrick Andrews said. “Joining Modern Wealth gives our team additional resources and support while allowing us to preserve the relationships and planning philosophy that have defined AWA. It also gives me greater capacity to focus on clients, develop the next generation of our team, and put the firm on a stronger path for long-term succession.”
He added, “This gives me the opportunity to focus more of my time on what led me to establish AWA Wealth Management in the first place: building deep client relationships and delivering holistic financial planning and advice. Not only that, but it strengthens our succession plan and gives me more time to mentor Grant, Chelsea, and the broader team as they continue taking on greater responsibilities within the practice.”
Our President and Co-Founder Jason Gordo pointed to the strength of the practice and the path it creates for the team.
“Derrick and the team at AWA Wealth Management have built a strong relationship-driven, comprehensive practice,” Gordo said. “AWA strengthens our presence in California, but just as importantly, this partnership gives the team a framework for long-term succession while allowing Derrick to remain closely connected to the clients and advisors he has developed deep relationships with over his career.”
Continued National Growth
This transaction follows our most recent acquisition of Sanchez Wealth Management in Jacksonville, Florida, and marks our sixth acquisition in 2026. Since our founding in 2023, we have completed 24 acquisitions and grown to nearly $16 billion in assets under management as we continue to expand our national footprint and deepen our presence in key markets.
About Modern Wealth Management
To learn more about Modern Wealth Management services and our new Auburn office serving the greater Sacramento area, please explore our website or contact us directly.
Investment advisory services offered through Modern Wealth Management, LLC, a Registered Investment Adviser.
The views expressed represent the opinion of Modern Wealth Management a Registered Investment Adviser. Information provided is for illustrative purposes only and does not constitute investment, tax, or legal advice. Modern Wealth Management does not accept any liability for the use of the information discussed. Consult with a qualified financial, legal, or tax professional prior to taking any action.
Modern Wealth Management, LLC is an SEC-registered investment adviser. Registration does not imply a certain level of skill or training or constitute an endorsement by the SEC. This announcement is provided for informational purposes and does not constitute personalized investment advice.
Asset figures are approximate and reported as of September 11, 2026. Modern Wealth’s reported assets include the assets associated with the AWA Wealth Management acquisition. References to expanded capabilities and operational support describe their intended benefits; actual services and availability depend on the applicable client or team arrangement.