Expanded partnership creates greater opportunities for growth
Carson Group, a leading wealth advisory firm with nearly $41 billion* in assets under management (AUM), today announced that it will fully acquire its Carson Wealth location in Orlando, Fla. Scott Cadwell, CFP, CPA, founded the practice in 1989 as Cadwell Wealth before joining Carson Group as a partner in 2018, rebranding then as Carson Wealth. Cadwell will continue to lead the firm, which manages $150 million in assets.
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“We’re thrilled to expand our relationship with Carson Wealth in Orlando, as Scott and his longstanding practice embody our shared vision of building a supportive, innovative community and prioritizing deep client relationships,” said Burt White, CEO of Carson Group. “When we first started these conversations with the Orlando team, it was clear this was a tremendous opportunity for Carson Group to invest in the business that Scott has thoughtfully built over the years. We look forward to elevating our partnership to help them accelerate growth while maintaining a high standard of client service.”
Cadwell and his team now benefit from access to innovative technology and Carson’s M&A resources to help grow the business and expand to new locations. The transition will also help Cadwell and his team with succession planning – something many advisors prioritize.
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“My goal is to create a 100-year company, so it was important to know that there would be a lasting relationship beyond my time as an advisor,” said Cadwell, managing director, partner and wealth advisor at Carson Wealth in Orlando. “Carson Group is focused on providing advisors with the help and support they need to help ensure our clients will be taken care of for generations to come. We’ll also have the added operational support and resources, which means I’ll have more time to spend with clients and mentoring G2 and G3 advisors.”
The acquisition is the latest in a series of announcements from Carson Group and further strengthens the firm’s nationwide footprint. The office will maintain its local teams and current location in Orlando, Fla., as well as additional locations in Florida and Nevada. Cadwell is also eying further expansion in the Southeast.
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“For many advisors like Scott, having a plan in place for the future is of the utmost importance to protecting their life’s work,” said Michael Belluomini, senior vice president of mergers and acquisitions at Carson Group. “By eliminating key-man risk with the support of our experienced team at Carson Group, our advisors gain peace of mind knowing their clients and stakeholders are in good hands for years to come.”
Carson Group manages nearly $41 billion* in assets and serves more than 52,000 client families among its advisory network of 150+ partner offices, including more than 50 Carson Wealth locations.
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Source – PR Newswire
