The latest deals and transactions in and around North American wealth management.

Wynnewood, Pennsylvania-based Rose Glenn, a firm focused on serving ultra-high net worth families with requirements such as wealth transfer and protection, has a new parent: AXG Advisors.

AXG concentrates on tailor-made insurance and risk mitigation solutions.

The acquisition brings a mentor/protégé relationship full circle. AXG co-founder, George Papanier worked under the tutelage of Morey Goldberg – who owns Rose Glenn – prior to founding AXG Advisors with Adam Pauska in 2019. Goldberg will join AXG as a senior advisor, AXG said in a statement. 

“Since its inception, the goal of AXG has been to change the private client industry and how our clients mitigate their exposures,” Pauska said in a statement. “The acquisition of Rose Glen is another step forward in achieving this goal. The addition of Morey and his team will enhance AXG’s private client operations to service the full scope of risk management for our clients.”