M and A
Deals Of The Day: The Latest In Wealth Management M&A – OnePoint BFG Wealth Partners, Spahn Financial
The latest mergers, acquisitions and other corporate actions in the wealth management sector.
OnePoint BFG Wealth Partners, a New Jersey-headquartered wealth management firm, has entered a strategic partnership with Spahn Financial Partners, a $2 billion advisory practice based in the greater Chicago area.
This marks OnePoint BFG’s largest transaction to date, it said in a statement today. The financial terms weren’t disclosed.
Kevin Spahn, partner and founder of Spahn Financial, is joined by Timothy Funke, Kyle DeRaedt and Nirav Patel. Spahn Financial will join OnePoint BFG under its W2 advisor model, with all four partners becoming equity holders in the firm.
After this transaction, OnePoint BFG will advise on more than $15 billion in client assets and support more than 200 professionals nationwide. The firm, which used to be called Bleakley Financial Group, was founded in 1985.