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Deals Of The Day: The Latest In Wealth Management M&A – Carson Wealth

Editorial Staff May 10, 2024

Deals Of The Day: The Latest In Wealth Management M&A – Carson Wealth

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

Carson Wealth
Omaha, Nebraska-based Carson Wealth has acquired three Carson Wealth locations in Hagerstown, Maryland, Atlanta, Georgia and Johnson City, Tennessee.

The deal expands Carson Wealth's footprint in the East, strengthening the firm's position in the wealth management market, the firm said in a statement.

Led by managing director, partner and wealth advisor, Scott Ford RFC®, the full-service financial planning firm focuses on serving entrepreneurs and manages $840 million in assets. Previously, Carson owned a minority stake in the firm.

“This move helps solidify our commitment to the clients and families we serve, even long after I may no longer be leading the firm,” Ford said. “Transitioning these locations to be wholly-owned allows us to enhance the way we serve our clients.”

Ford has had a history of growth and M&A with Carson, first as a Carson Coaching member for nearly a decade. In 2012, when Carson first launched its partner network, Ford was the first partner to join. Through that partnership, the business has grown to three locations in three states with a team of more than 30 advisors and operations stakeholders.

At a time when only 37 per cent of advisors have a succession plan in place, the acquisition will ensure business continuity for Ford's teams and clients, the firm said.

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