The latest mergers, acquisitions and other corporate actions in the wealth management sector.

Carson Group 
Carson Group, which has more than $48 billion in AuM, has partnered with Shilanski & Associates, a financial planning firm headquartered in Anchorage, Alaska.

Shilanski & Associates, which has about $436 million in assets, will keep its leadership team as it joins the Carson Wealth network as a wholly owned firm.

“As the first Carson office in Alaska, this partnership not only expands our footprint across the nation but also strengthens our commitment to empowering advisor-led firms with the tools, resources and community they need to thrive,” Burt White, CEO of Carson Group, said.

The Alaskan firm was founded in 1981 by US Air Force veteran Floyd Shilanski, and his wife, Rosa C Shilanski.

The leadership team has grown to include Floyd and Rosa’s son and daughter, Micah Shilanski and Jamie C Shilanski (serving as managing partner and wealth advisor), as well as operations director Charnell Cole and director of portfolio management Edward Hoyt. There are seven other professionals working in the business.

Shilanski & Associates is the 32nd Carson Wealth Office. Peter Campagna with Wise Rhino served as the exclusive M&A advisor to the Shilanski team.

Kendall, Ameriprise
Private wealth advisory practice Kendall Wealth Management has joined the independent channel of Ameriprise Financial. It joined from Edward Jones with more than $300 million in assets. 

The family-run practice, based in New Philadelphia, Ohio, which is led by private wealth advisor Kiley Kendall, includes financial advisors Mitch Kendall and Kyle Kendall – her husband and son, respectively.

The practice also includes senior operations coordinator Jennifer Stewart and client service specialist Alexis Shaw. They are supported locally by Ameriprise franchise field vice president Andrew Johnson and Ameriprise regional VP Jon Jackson.

Perigon Wealth Management
Perigon Wealth Management, a US RIA with $9.3 billion in assets (as of Sept 1) has announced that it is buying Gitterman Wealth Management and Gitterman Asset Management for an undisclosed sum.

The Edison, New Jersey-based firms manage $1.3 billion in total client assets and have six advisors.

Gitterman partners Jeffrey Gitterman and Eli Rauch will become managing directors at Perigon.

"Perigon's growth strategy is rooted in partnering with firms and individuals who align with our culture and add tangible value for clients," CEO Arthur Ambarik said. 

With the addition of Gitterman Wealth Management, Perigon's total assets under management will be about $10.6 billion following the completion of the transaction.

Allworth Financial
Allworth Financial, a registered investment advisor, said this week that it has acquired Shorepoint Capital Partners, a Norwood, Massachusetts-based RIA with about $850 million assets under management. 

The acquisition – for an undisclosed sum â€“ brings 10 Shorepoint team members, including four advisors and six support staff, to Allworth. With the addition of Shorepoint, Allworth surpasses $31 billion in AuM. 

Shorepoint co-founders Tim Vanech, managing director, and Luis Raposo, managing director and chief investment officer, will continue in leadership roles.

“This acquisition is a milestone for Allworth as we cement a presence in the Boston market and continue scaling our sophisticated platform to meet the needs of high net worth (HNW) and ultra-high net worth clients,” John Bunch (pictured below), CEO of Allworth, said.

John Bunch

Shorepoint, which was founded in 2009, was represented by Emily Blue and Ryan Halls of Hue Partners, a new advisory firm on a mission to humanize M&A advice.