Press Release: Clearstead Acquires the Business of CLS Consulting, LLC
Clearstead Advisors, a private wealth management and institutional investment consulting firm, has acquired the business of a local high-performing consulting firm as part of its continued strategy to grow through acquisitions. This is the third acquisition Clearstead has made since Flexpoint Ford’s majority investment in February 2022.
In March 2023, Clearstead signed an agreement to acquire the business of CLS Consulting, LLC, a consulting firm founded by Ms. Cindy Steeb in 2017. Ms. Steeb advises high-net-worth individuals, private family trust companies, and family-owned businesses on estate planning and fiduciary matters. She is a nationally recognized leader in fiduciary services, having been a pioneer in the development of single-family trust companies in Ohio. Ms. Steeb has served as an advisor and trustee to several family trust companies and is a regular speaker at industry conferences.
Of this acquisition, Clearstead Chairman and CEO Dave Fulton said, “Cindy Steeb’s commitment to excellence fits the Clearstead culture – our scale and capabilities will help her clients and she brings personal and technical skills to us to expand our offerings.”
Ms. Steeb said, “I look forward to joining the Clearstead team and working together to build a significant wealth management business.”
Cindy Steeb will join Clearstead as Senior Managing Director, Trust Administration Services in the firm’s Private Wealth Management Group.
About Clearstead: Founded in 1989, Clearstead is an independent wealth management firm headquartered in Cleveland OH. Clearstead has in-house expertise to provide financial planning, tax planning, investment management, trust, family office, and OCIO services to private clients and institutions. Clients are served by 130 employees, of which 40 are employee partners. The firm has $26.6 billion in assets under advisement. For more information about Clearstead, please visit https://www.clearstead.com.
About CLS Consulting: Founded in 2017, CLS Consulting was a consulting firm that provides estate planning and fiduciary services to high-net-worth individuals, private family trust companies, and family-owned businesses. For more information on Ms. Steeb and CLS Consulting please visit https://www.clsconsultingllc.com/.