The latest M&A deals in wealth management across North America.

Spectrum, Carson
Spectrum Management Group, based in Indianapolis, has affiliated as a Carson Wealth office. 

Co-founders Bob Phillips and Leslie Thompson, who lead a team of eight, decided to join Carson Wealth to serve clients more effectively and widen services on offer, according to a statement. This is the fifth $500 million-plus assets under management firm to affiliate with Carson in the past year.

Phillips and Thompson will maintain active majority ownership of their firm and will remain the strategic decision-makers for all business decisions and operations in the Indianapolis office, the statement continued. 

Advisor Growth Strategies, a management consulting and transaction advisory firm based in Phoenix, Arizona, advised Spectrum Management Group on the strategy and terms of the transaction.