M and A
Deals Of The Day: The Latest In Wealth Management M&A – NFP, Divergent
The latest mergers, acquisitions and other corporate actions in the wealth management sector.
NFP, Divergent Wealth Advisors
NFP, a property and
casualty broker, benefits consultant, wealth manager and
retirement plan advisor has acquired Divergent
Wealth Advisors.
Based in South Jordan, Utah, Divergent is an independent RIA. Divergent co-founders Jordan Collins and Brady Ririe will join NFP and report to Jeff Scott, senior vice president for retirement.
The financial terms were not disclosed.
The acquisition of Divergent, which has more than $675 million in assets under management (as of August 2023), closed on August 7.
