OCIO Fiducient Advisors Acquires Plan Consultant Axia Advisory

Fiducient Advisors, an outsourced CIO and investment consultancy under Wealthspire LLC, has announced the acquisition of Indianapolis-based Axia Advisory Corp. The deal adds $1.9 billion in assets under management and supervision to Wealthspire’s platform, which already oversees more than $580 billion. This acquisition highlights a continuing trend of consolidation within the institutional consulting and retirement advisory space as firms seek to scale their resources and technical capabilities.

Fiducient Advisors LLC, a subsidiary of Wealthspire LLC specializing in outsourced CIO (OCIO) services and investment consulting, has completed the acquisition of Axia Advisory Corp. Founded in 1992 and based in Indianapolis, Axia brings approximately $1.9 billion in assets under management and supervision to the combined entity. This move significantly bolsters Wealthspire’s institutional footprint, contributing to its total managed and advised assets of more than $580 billion, of which Fiducient Advisors accounts for $410 billion.

Axia Advisory offers a comprehensive suite of retirement plan services, including plan design, fee analysis, and employee education, alongside provider oversight and investment selection for plan sponsors. Beyond institutional retirement services, the firm provides discretionary investment management and wealth management for individual clients and families. Keith Shadrick, President of Axia Advisory, noted that joining Wealthspire allows the firm to enhance its capabilities across both retirement and private wealth sectors while positioning for long-term growth in an increasingly complex regulatory and market landscape.

The acquisition is described by Wealthspire leadership as a strategic and cultural fit that aligns with the firm’s focus on fiduciary excellence and deep client relationships. Mike Goss, Wealthspire’s chief revenue officer and president of institutional, emphasized that Axia’s clients will gain expanded access to broader resources, including advanced research and technology. For the consulting and advisory sector, this transaction underscores the value of integrated service models that bridge the gap between institutional retirement consulting and private wealth management.