The latest mergers, acquisitions, and various corporate actions affecting the North American wealth management sector.

Carson Group
Carson Group, with $38 billion in AuM, has acquired Carson Wealth Cedar Rapids, including its Las Vegas office. 

The acquired firm is led by Russ Nieland; the newly-formed Carson Wealth location will run about $1 billion in AuM, Carson said in a statement yesterday. 

“Our decision to expand our partnership with Carson Group is our way of ensuring our legacy and ensuring the multigenerational ownership structure we established can continue to grow and meet the diverse needs of our clients,” Neiland, who holds the positions of managing director, partner and wealth advisor, said. 

EP Wealth Advisors
EP Wealth Advisors, an RIA, has bought Executive Wealth Management (EWM), in Michigan – a firm with about $1.6 billion in assets under management. The deal takes EP’s total AuM to more than $31 billion.

The transaction was the last of seven integrations that EP Weath Advisors – founded in 1985 – initiated in 2024. 

Executive Wealth Management has Michigan offices in Brighton, Northville, Jackson and Ludington, as well as locations in Florida and Colorado. 

Mike Lay will serve as a regional director of EP Wealth; the partnership adds nearly 50 current EWM team members to EP Wealth, bringing the firm’s employee base to more than 500, of which more than 150 are advisors. 

Wealth Partners Capital Group assisted EP Wealth in the transaction. The financial and legal terms of the deal were not disclosed.