News Summary
Composition Wealth, a wealth management firm based in Hauppauge, has enhanced its operations by acquiring Blue Oak Capital in California and Centricity Wealth Management in Ohio. This strategic move brings its assets under management to $9.3 billion. The firm’s CEO highlighted the client-centric approach of Blue Oak and the community impact of Centricity as key factors in their alignment with Composition’s goals. The acquisitions will pave the way for nine new office locations, further broadening their reach to high-net-worth clients across the nation.
California and Ohio
Composition Wealth, a national wealth management firm headquartered in Hauppauge, has significantly expanded its operations through the acquisition of two advisory firms, boosting its assets under management to $9.3 billion. The acquisitions include Blue Oak Capital located in Silicon Valley, California, and Centricity Wealth Management based in Ohio.
With Blue Oak Capital focusing on serving complex client needs, the firm is recognized for its strong client-centric approach. It currently manages approximately $289 million in assets. Meanwhile, Centricity Wealth Management, founded by Chris and Wendy Ciehanski, has established a reputation for its community impact and oversees around $192 million in assets for 158 families and some charitable organizations.
These acquisitions are part of Composition Wealth’s ongoing national growth strategy, which includes a rebranding effort initially carried out from its previous identity as Miracle Mile Advisors. Bruce Milam, the firm’s CEO, emphasized the importance of Blue Oak’s strong client focus and Centricity’s commitment to their communities in aligning with Composition’s objectives.
Expansion and Future Plans
The recent acquisitions have also led to the opening of nine office locations for Composition Wealth, further enhancing its ability to serve high-net-worth clients, including business owners, individuals, and families across the nation. Both Blue Oak Capital and Centricity Wealth Management will transition to using the Composition brand following the completion of these acquisitions.
These strategic moves underscore Composition Wealth’s commitment to broadening its geographical footprint and expanding its range of services. The firm has been actively pursuing mergers and acquisitions throughout 2025, with current targets that include key markets such as New York, Boston, Austin, and Dallas.
Background Context
Since its inception, Composition Wealth has focused on providing extensive wealth management services tailored to the needs of high-net-worth individuals. The firm’s successful growth strategy has involved establishing a solid presence in various states while also enhancing its service offerings to meet the changing demands of its clients.
The decision to acquire firms like Blue Oak Capital and Centricity Wealth Management reflects not only the firm’s ambition to increase its assets but also its desire to integrate local expertise and established client relationships into its growing national framework. The strategic acquisitions are positioned to help Composition Wealth not only broaden its client base but also offer a more diversified range of financial advisory services.
As Composition Wealth continues to expand its national presence and refine its offerings, its focus remains on serving high-net-worth clients with the personalized service they expect, paving the way for further growth and the enhancement of its brand in the wealth management industry.
Deeper Dive: News & Info About This Topic
- Long Island Business News
- Wikipedia: Wealth Management
- Citywire RIA
- Google Search: wealth management
- AdvisorHub
Author: Anaheim Staff Writer
Anaheim Staff Writer The Anaheim Staff Writer represents the experienced team at HEREAnaheim.com, your go-to source for actionable local news and information in Anaheim, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as major conventions at the Anaheim Convention Center, including NAMM and VidCon, exciting games at Angel Stadium and Honda Center, and developments at Disneyland Resort Our coverage extends to key organizations like the Anaheim Chamber of Commerce and Visit Anaheim, plus leading businesses in hospitality, entertainment, and innovation that power the local economy As part of the broader HERE network, including HERECostaMesa.com, HEREHuntingtonBeach.com, HERESantaAna.com, and HERELosAngeles.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
