Header Ads Widget

Carson Group adds Maryland RIA with $300M in assets

Carson Group

Carson Group adds Maryland RIA with $300M in assets

Carson Group has acquired FAI Wealth Management, an advisory firm in Columbia, Maryland, that oversees $300 million in client assets, the firm announced Thursday.

FAI, founded in 1987, has seven team members. The firm will rebrand as Carson Group, but it will continue to be led by Mark Stinson, its managing director and wealth advisor, out of its Columbia office.

“Carson Group was the partner we were seeking,” Stinson said in a statement. “Throughout our due diligence process, it became clear that the firm not only shares our unwavering commitment for always putting clients first, but also our passion for being at the forefront of the wealth management profession.”

According to the statement, FAI choose to partner with Carson Group because of the cultural alignment between the firms, the fact that Carson Wealth shares FAI’s focus on financial and retirement planning and the two firms’ shared views on investments.

Alaris Acquisitions served as FAI Wealth’s M&A advisor on the transaction.

Carson Group manages $30 billion in assets through a network of more than 140 partner offices.

[More: Scorching hot August for RIA M&A: Fidelity]

AI revolution still in early innings despite stock sell-off, says Axa head of macro research


댓글 쓰기

0 댓글