Creative Planning acquires Louisiana-based Resource Management

Creative Planning LLC acquired Louisiana-based Resource Management LLC, which has $1.9 billion in AUM.

Resource Management is a fee-only advisory firm specializing in financial planning, family enterprise advising and asset management for families and businesses worldwide. With the acquisition, Creative Planning advises on more than $225 billion in assets across all 50 states in the U.S. and 65 countries, according to a news release.

DeVoe & Co. was Resource Management's financial adviser on the transaction.