Pure Financial Advisors, LLC (“Pure”), a San Diego, CA-based financial education, planning and investment advice company, announced it has acquired Fairhaven Wealth Management, LLC (“Fairhaven”), located in the Chicago suburb of Wheaton, Illinois. Fairhaven is a financial planning and investment management firm with nearly $900 million in client assets. The deal marks Pure’s second acquisition of 2025 – its sixth overall – and significantly increases its presence in Chicago and the broader Midwest market.
“We’re excited to welcome the Fairhaven team to the Pure family,” said Brian Perry, Chief Investment Officer of Pure. “Both teams are grounded in financial planning, tax-efficiency, prudent investment advice and share a passion for financial education. But what really sets this partnership apart is the cultural fit – it’s a strong foundation for long-term success for both our clients and team.”
For Fairhaven, which recently celebrated its 10-year anniversary, joining Pure brings an even broader level of service to their clients.
“As we approached our 10-year milestone, we stepped back to explore what it would take to accelerate our impact – without losing the fun and personality that defines us,” said Marc Horner, Founder of Fairhaven. “In Pure, we found a kindred spirit. Together we can continue to elevate the client experience and bring high-quality, fee-only advice to more families. We can’t wait to see what the next 10 years bring.”
The deal also enhances Pure’s capabilities in several strategic areas, particularly in retirement consulting. “We’re purposeful about growth, both organic and inorganic, which ensures we are highly selective with whom we partner,” said Jason Carver, CFO & Managing Partner of Pure. “Among other things, Fairhaven has established a strong foundation in the retirement consulting business on which we’re looking to build. We’re excited for the partnership and what this means for our clients and employees.”
Pure is backed by funds managed by Lee Equity Partners LLC and Emigrant Partners, LLC, the latter of which played a vital role in connecting the two organizations.
“We were thrilled to help bring these two like-minded firms together,” said Liz Nesvold, Chair of Emigrant Partners. “Pure continues to chart one of the most dynamic organic growth stories in the RIA space – thoughtful, client-centric, and intentional. It’s a great fit, and we’re excited to support what comes next.”
Hue Partners, alongside the law firm Brightstar Law Group, represented Fairhaven in the transaction. The law firm of Katz Teller represented Pure in the transaction.
