MCF Advisors, a Kentucky-based registered investment adviser (RIA) managing $4.68 billion in assets, has acquired Hoff Bujnoch & Associates (HBA), a Newport-based wealth management firm overseeing $250 million in assets under management (AUM). The acquisition, finalized on April 29, 2026, strengthens MCF’s footprint in Northern Kentucky while deepening its financial planning and wealth management offerings.
Strategic Expansion in Northern Kentucky
The deal positions MCF to consolidate its presence in a key regional market. HBA, led by Digger Bujnoch, CFP®, operates a planning-centric model focused on long-term client relationships. By integrating HBA’s team, MCF gains access to specialized expertise in business-owner planning, tax strategies, and estate planning. The firm’s platform will now offer HBA’s clients enhanced resources, including institutional-grade investment oversight and retirement planning tools.
“Bringing on their team deepens MCF’s presence in Northern Kentucky while supporting the firm’s disciplined and intentional growth strategy,” said Dave Harris, CEO and Managing Partner at MCF. The acquisition aligns with MCF’s broader goal of expanding through advisor partnerships rather than organic growth, a approach that has driven its third acquisition since March 2025.
Advisor Retention and Cultural Alignment
HBA’s transition to MCF underscores the importance of cultural compatibility in advisor-driven firms. Digger Bujnoch, who will join MCF as a Senior Financial Advisor and Partner, emphasized the firm’s alignment with MCF’s values: “MCF’s outstanding platform and comprehensive resources will empower us to deliver even greater value to the families we serve.”
Nick Trepp, Partner and Head of Corporate Development at Wealth Partners Capital Group (WPCG), which facilitated the transaction, highlighted HBA’s client-first ethos as a strategic fit: “Digger and his team embody the kind of long-term thinking that makes for an exceptional fit with MCF.” The integration preserves HBA’s existing client relationships while leveraging MCF’s scalable infrastructure.
Broader Market Implications
MCF’s acquisition spree reflects a trend among wealth management firms prioritizing advisor partnerships to navigate regulatory complexity and client demand for holistic services. With $4.68 billion in AUM as of March 2026, MCF’s growth strategy emphasizes stability and continuity, a model that resonates with institutional clients seeking reliable partners.
The firm’s collaboration with WPCG and HGGC—via the Aspire Holdings platform—highlights institutional backing for RIA consolidation. HGGC, which manages over $8 billion in assets, targets $300 million in RIA investments, signaling confidence in the sector’s scalability.
Key Takeaways
- Regional Market Strengthening: MCF solidifies its Northern Kentucky presence, a hub for wealth management growth.
- Advisor-Centric Growth: The acquisition prioritizes retaining experienced advisors like Digger Bujnoch, ensuring client continuity.
- Platform Integration: HBA gains access to MCF’s expanded tools, enhancing service offerings without disrupting existing client relationships.
Conclusion
MCF’s acquisition of HBA exemplifies a strategic shift toward advisor-led growth in wealth management. By combining HBA’s local expertise with its institutional platform, MCF aims to scale sustainably while maintaining the client trust central to its brand. For financial institutions, the move highlights the value of partnerships in navigating regulatory and operational challenges. As MCF continues its acquisition trajectory, its focus on culture and continuity may set a benchmark for enterprise finance resilience in 2026 and beyond.
About MCF Advisors
MCF Advisors, LLC (“MCF”) is an investment management firm headquartered in Lexington, Kentucky, providing comprehensive wealth management for individuals, families, and business owners alongside institutional advisory services for retirement plans and organizations. Founded in 2004, the firm oversees $4.68 billion (as of March 31, 2026) in assets and supports clients through a comprehensive, team-based approach that extends beyond portfolio management. MCF is structured to support long-term advisor partnership, continuity, and leadership development, providing a stable, scalable platform for both clients and professionals. The firm has been named among the Best Places to Work in Kentucky for seven consecutive years and regularly appears in Financial Advisor Magazine’s Top Registered Investment Advisors Ranking. For more information, visit MCFAdvisors.com.
About Wealth Partners Capital Group
Wealth Partners Capital Group (“WPCG”) is a financial services holding company, which invests in and partners with select leading wealth management firms. WPCG’s mission is to use its capital, strategic M&A expertise and organic growth capabilities to help its partner firms grow.
WPCG identifies, values and negotiates with wealth advisory practices for its partners to acquire and integrate. For more information, please visit www.wealthpcg.com.
About HGGC
HGGC is a values-driven, partnership-focused private investment firm. The firm’s ecosystem of investors, operators, and professionals are united by the shared mission to develop leading enterprises and build long term value together. HGGC invests in technology, business services, financial services and consumer enterprises generally valued between $200M – $1.5B. The firm is based in Palo Alto, CA and manages over $8 billion in assets under management (as of June 30, 2025). HGGC makes investments in RIAs via its Aspire Holdings platform, which is targeting $300 million of total investment in the space. More information, including a complete list of current and former investments, is available at www.hggc.com.
Source: Businesswire
