Houlihan Lokey Advises Keen Wealth Advisors

Houlihan Lokey is pleased to announce that Keen Wealth Advisors (Keen), an independent registered investment advisor (RIA) with $1.3 billion in assets under management (AUM), has received a strategic investment from Emigrant Partners (Emigrant). This transaction closed on March 31, 2026.

Founded by CEO Bill Keen in 2014 and headquartered in Overland Park, Kansas, Keen provides its clients with advanced retirement, tax, estate planning, investment management, and risk management services. In addition to serving clients across a number of professions, the firm has developed deep connections and relationships within the architecture, engineering, and construction (AEC) industries and is recognized within these communities as the premier provider of specialized planning and advisory services.

Headquartered in New York and founded in 2007, Emigrant is a leading minority investor in the wealth and asset management industry. Emigrant has minority investments in 21 firms overseeing a combined $115 billion in assets under management and administration (AUM/A). Emigrant crafts tailored, flexible solutions for each of its partner firms, while allowing those partner firms to retain control over their strategy, investment decisions, and day-to-day operations. Emigrant is a subsidiary of Emigrant Bank, which is owned and operated by the Milstein Companies.

Keen will continue to operate independently, with no changes to its leadership team, advisory staff, or the way it serves clients. Emigrant holds a minority, non-voting position in the firm. As its client community has continued to grow, the firm sought a partner that could provide long-term capital support and operational resources without requiring changes to its culture, team, or client-first philosophy. With this investment, Keen will look to further strengthen its brand and broaden access to the educational content that has long differentiated its approach, while selectively expanding into markets where it can deliver the greatest value to clients.

Houlihan Lokey acted as the exclusive financial advisor to Keen.

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