The latest mergers and acquisitions in the North American wealth management sector.

San Antonio’s Southern Wealth Management has merged with Dallas-based Capital Plan.

The combined force, which has 49 staff, will operate under the Southern Wealth Management brand.

Launched in 2005, Southern Wealth Management has offices in Dallas, San Antonio and New Orleans. The two companies had a relationship before their merger, having been "in each other’s extended professional family for 30 years”.

Southern Wealth Management provides financial and estate planning, business succession planning, tax consulting, compliance, filing of returns, investment portfolio design and management, life insurance portfolio design and management, philanthropic planning and plan management, and family office services.

Founded in 1977, Capital Plan provides life insurance portfolio design and management, and philanthropic planning and plan management for high-net worth individuals, families and companies.

“We find that most middle-of-the-night stress comes from not having the ability to look at the whole picture,” Richard Jones, Southern Wealth Management’s founder, said. “Our combined company takes two firms with unusually interconnected models and brings them together under one roof because, at the upper echelon of planning, everything is interconnected.”

The new company will operate its offices in Dallas, San Antonio and New Orleans.