Tactive

Tactive

Tactive launched in 2020 as a tech-forward registered investment advisor built on a roll-up thesis. The firm was incubated and backed by HGGC, the middle-market private equity firm co-founded by Steve Young, partnering with experienced operator Dave L. Chowanec to execute an acquisition-driven growth strategy. Tactive targets independent RIAs and advisory teams with established books of business, folding them into a shared technology stack and centralized operations hub. The firm pursues what it calls an 'acquire and build' strategy across multiple asset classes, emphasizing retirement plan advisory, wealth management for high-net-worth individuals, and investment management for trusts and small institutions. Tactive's structure blends direct advisory services with strategic M&A — acquiring practices that bring existing client relationships and AUM, then layering on proprietary planning tools. The geographic footprint covers the Southeast and Southern California, anchored by hubs in Jacksonville, Florida, and Carlsbad, California. Tactive has disclosed no headcount or total AUM publicly. The firm operates as an HGGC Aspire Holdings portfolio company, an entity designed to consolidate wealth management and retirement-plan advisory businesses. In June 2024, Tactive named Michael Kimball, formerly of Goldman Sachs Personal Financial Management, as Head of Corporate Development to drive its next phase of practice acquisitions (per Citywire RIA, June 2024). HGGC's Aspire Holdings platform provides Tactive with a distinct structural alignment. Unlike independent RIAs scaling organically, Tactive uses committed institutional capital to acquire and integrate advisory firms, creating a hybrid that operates with the branding of a tech-forward wealth manager but the inorganic growth engine of a financial-services consolidator. The governance structure places Chowanec as CEO while HGGC principals Steven Leist and Les Brown hold board seats, embedding operational oversight from the firm's private equity sponsor.