Devoe

Johnson Financial Group Announces Plans to Acquire The Appleton Group

Retrieved on: 
Tuesday, September 19, 2023
Asset Management, Professional Services, Finance, Financial adviser, Culture, JFG, RIA, Devoe, Mischler Financial Group, Acquisition, Johnson Financial Group, Scheffler, Financial services

Johnson Financial Group (JFG) announced today they have signed an agreement to acquire The Appleton Group, a registered investment advisor with $210 million in assets under management based in Appleton, Wisconsin at the end of the month.

Key Points: 
  • Johnson Financial Group (JFG) announced today they have signed an agreement to acquire The Appleton Group, a registered investment advisor with $210 million in assets under management based in Appleton, Wisconsin at the end of the month.
  • “We’re excited to welcome The Appleton Group clients and employees to our firm,” said Jim Popp , CEO of Johnson Financial Group.
  • “Johnson Financial Group offers the investment products, technology and service our clients expect.
  • DeVoe & Company supported Johnson Financial Group in this transaction.

ICEMULE Coolers Revolutionizes Adventure with its New Bike Handlebar Cooler

Retrieved on: 
Thursday, August 17, 2023
Partnership, MSRP, Devoe, Season, Impulse, Tour de France, Ice, Nature, Dairy

ST. AUGUSTINE, Fla., Aug. 17, 2023 /PRNewswire/ -- ICEMULE Coolers—makers of the most portable, premium backpack coolers—introduces the Impulse, a new hands-free cooler inspired by the traditional "musette" bags made famous by Tour de France cyclists. The ICEMULE Impulse triples as a bike handlebar bag, crossbody tote and lunch cooler, all-in-one. The addition to ICEMULE's product lineup merges convenience, functionality and adventure, enabling outdoor enthusiasts to keep refreshments ice-cold while on the move.

Key Points: 
  • The ICEMULE Impulse triples as a bike handlebar bag, crossbody tote and lunch cooler, all-in-one.
  • The addition to ICEMULE's product lineup merges convenience, functionality and adventure, enabling outdoor enthusiasts to keep refreshments ice-cold while on the move.
  • The Impulse is the third ICEMULE product to include a DeVoe print, designed in partnership with local Jacksonville artist, Claire DeVoe.
  • For more information about the ICEMULE Coolers, visit the ICEMULECoolers.com and follow on Instagram at @icemulecoolers .

LibertyFi Celebrates 6 Years and $13.5B Assets Under Administration (AUA)

Retrieved on: 
Tuesday, July 25, 2023
Growth, AUA, Devoe, Partnership, RIAS, Investment, Consultant, Financial adviser, Fintech

BIRMINGHAM, Ala., July 25, 2023 /PRNewswire-PRWeb/ -- LibertyFi, a technology and operations consultancy that helps growth-oriented Registered Investment Advisors (RIAs) drive revenue and scale their businesses using technology, announced that the company now serves 29 clients and has $13.5 billion in assets under administration (AUA) on their enterprise platform. The company has averaged 42% year-over-year revenue growth and maintains a 98% client satisfaction rating — highlighting the effectiveness of its value proposition and superior client service.

Key Points: 
  • The company has averaged 42% year-over-year revenue growth and maintains a 98% client satisfaction rating — highlighting the effectiveness of its value proposition and superior client service.
  • According to DeVoe & Company, RIAs, on average, are seeing a 4% organic growth rate versus LibertyFi clients who saw an average 18% organic growth range in 2022.
  • LibertyFi helps RIAs maximize their investment in transformative advisor technology by providing an experienced team of hands-on consultants and coaches.
  • Through these interactive and sustained partnerships, the company is committed to helping each firm progress toward its strategic vision.

Wealth Enhancement Group Grows by Adding Equius Partners, Inc., an Independent RIA with Over $1 Billion in Client Assets

Retrieved on: 
Wednesday, March 29, 2023
RIA, Heart, Devoe, Growth, Knowledge, Partnership, Acquisition, Culture, Financial adviser

MINNEAPOLIS, March 29, 2023 /PRNewswire/ -- Wealth Enhancement Group, a national independent wealth management firm with more than $63.8 billion in total client assets, announced the acquisition of Equius Partners, Inc. an independent RIA based in Novato, CA. Equius Partners' team of seven financial advisors and five support staff, led by Thomas (TJ) Troutner, oversee more than $1 billion in client assets. This partnership furthers Wealth Enhancement Group's growth in key strategic markets, such as Northern California.

Key Points: 
  • Increasing its West Coast Presence, Wealth Enhancement Group Expands to 12 Offices in Northern California
    MINNEAPOLIS, March 29, 2023 /PRNewswire/ -- Wealth Enhancement Group , a national independent wealth management firm with more than $63.8 billion in total client assets, announced the acquisition of Equius Partners, Inc. an independent RIA based in Novato, CA.
  • Equius Partners' team of seven financial advisors and five support staff, led by Thomas (TJ) Troutner, oversee more than $1 billion in client assets.
  • "We are excited to welcome the talented team of financial professionals at Equius Partners to Wealth Enhancement Group," said Jeff Dekko, chief executive officer of Wealth Enhancement Group.
  • DeVoe & Company, a leading strategy and M&A consulting company serving the RIA industry, supported Equius Partners in its decision to join forces with Wealth Enhancement Group.

Emigrant Partners Announces Strategic Minority Investment in SteelPeak Wealth

Retrieved on: 
Wednesday, February 1, 2023
CFO, AUM, EP, Devoe, RIA, AUA, Emigrant Bank, Partnership, Growth, CIO, High-net-worth individual, Financial management, Multimedia, Financial services, Financial adviser

NEW YORK, Feb. 1, 2023 /PRNewswire/ -- Emigrant Partners ("EP") announced it has made a strategic, non-voting minority investment in SteelPeak Wealth ("SteelPeak"), an independent wealth management business headquartered in Los Angeles, CA managing $2.0B in assets for over 1,700 clients.

Key Points: 
  • NEW YORK, Feb. 1, 2023 /PRNewswire/ -- Emigrant Partners ("EP") announced it has made a strategic, non-voting minority investment in SteelPeak Wealth ("SteelPeak"), an independent wealth management business headquartered in Los Angeles, CA managing $2.0B in assets for over 1,700 clients.
  • "We are thrilled to welcome the SteelPeak team to the Emigrant Partners network.
  • SteelPeak Wealth is a leading independent RIA providing bespoke wealth management services for high-net-worth individuals and families.
  • Emigrant Partners is a specialist capital and advice partner that makes minority, non-voting investments into wealth and alternative asset management businesses.

Giving Up Control Remains Top Barrier for RIAs Contemplating a Sale

Retrieved on: 
Tuesday, January 31, 2023
Heart, Qualitative research, Sale, Emotion, Fear, Partnership, Hope, RIA, Research, Devoe, Online shopping

Folsom, California, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Over one-third of sellers or potential sellers say that giving up control is the top fear they have when considering a transaction.

Key Points: 
  • Folsom, California, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Over one-third of sellers or potential sellers say that giving up control is the top fear they have when considering a transaction.
  • Other key findings from the paper include:
    23% of firms are concerned with selling to the wrong buyer.
  • Client care is top of mind as both a fear and motivator when contemplating a sale.
  • The fear of giving up control is more heightened for smaller firms: 39% of firms with $1B.

Wealthspire Advisors to Acquire Sage Financial Advisors, a Nevada-Based Wealth Management Firm

Retrieved on: 
Tuesday, November 29, 2022
Professional Services, Insurance, Finance, RIA, Insurance, Devoe, NFP, Business, Acquisition, Financial adviser, Risk management, Sage, Investment

Wealthspire Advisors LLC, an NFP company and independent investment adviser, today announced a signed agreement to purchase Sage Financial Advisors, Inc., a Nevada-based registered investment advisor (RIA).

Key Points: 
  • Wealthspire Advisors LLC, an NFP company and independent investment adviser, today announced a signed agreement to purchase Sage Financial Advisors, Inc., a Nevada-based registered investment advisor (RIA).
  • Following the acquisition of Sage, Wealthspire will oversee approximately $17 billion in assets* across 20 offices throughout the country.
  • Founded in 1996, Sage helps clients reach their goals by creating custom-designed financial solutions and collaborating with other trusted professionals.
  • Wealthspire Advisors acts as a wealth manager, investment advisor, consultant, and constant partner in helping clients gain confidence in their financial futures.

Alera Group Wealth Services Acquires Wharton Business Group

Retrieved on: 
Wednesday, June 8, 2022
Professional Services, Finance, LinkedIn, Alston & Bird, CEO, Policy, WBG, Devoe, 2009 Davis Cup, AUM, Company, Acquisition, Financial services, Financial adviser

Alera Group Wealth Services, a division of Alera Group, a top independent, national insurance and wealth services firm, today announced the acquisition of Wharton Business Group (WBG), an employee-owned wealth services firm in Pennsylvania that manages more than $3.5 billion in assets for business owners and institutions.

Key Points: 
  • Alera Group Wealth Services, a division of Alera Group, a top independent, national insurance and wealth services firm, today announced the acquisition of Wharton Business Group (WBG), an employee-owned wealth services firm in Pennsylvania that manages more than $3.5 billion in assets for business owners and institutions.
  • This acquisition significantly increases AUM for Alera Group Wealth Services.
  • Wharton Business Group has more than 30 years of experience serving clients and is an exciting addition to our national wealth services platform, said Alan Levitz, CEO of Alera Group.
  • Alera Group Wealth Services, a division of Alera Group, is dedicated to enhancing the financial security of clients through a holistic suite of services to address the financial planning, investment and wealth management needs of individuals and families.

Wealth Enhancement Group Joins Forces with Kings Point Capital Management, New York and Tennessee-based Independent RIA with $1.7 Billion in Client Assets

Retrieved on: 
Thursday, June 2, 2022
Goldman Sachs, Chief business development officer, Secondary research, Company, Devoe, Trust, LLC, IV, IARS, Kings Point, Partnership, Senior, Growth, Kings Point, New York, Acquisition, Foundation, Industry, Small business, WEAS, LPL Financial, Philosophy, RIA, Financial adviser, Financial services, Tutoring

MINNEAPOLIS, June 2, 2022 /PRNewswire/ -- Wealth Enhancement Group, an independent wealth management firm, today announced the acquisition of Kings Point Capital Management, LLC, ("Kings Point"), an independent RIA with offices in Great Neck, New York and Brentwood, Tennessee. Kings Point's team of five advisors and 11 support staff oversee $1.7 billion in client assets. The partnership builds on Wealth Enhancement Group's continued growth, bringing its total client assets to $55 billion.

Key Points: 
  • MINNEAPOLIS, June 2, 2022 /PRNewswire/ -- Wealth Enhancement Group, an independent wealth management firm, today announced the acquisition of Kings Point Capital Management, LLC, ("Kings Point"), an independent RIA with offices in Great Neck, New York and Brentwood, Tennessee.
  • Jeff Dekko, Chief Executive Officer of Wealth Enhancement Group, said, "Kings Point has built a tremendously successful business by delivering customized solutions to their high-net-worth clients.
  • Commenting on the partnership, Jim Cahn, Wealth Enhancement Group's Chief Investments & Business Development Officer, said, "We are thrilled that Kings Point chose to join forces with Wealth Enhancement Group.
  • Wealth Enhancement Group and its Registered Investment Advisor, Wealth Enhancement Advisory Services, had$53.3 billionin client brokerage and advisory assets as of 3/31/2022.

Vic Esclamado Joins Republic Capital Group

Retrieved on: 
Wednesday, February 16, 2022
Intuit, Company, Founder, Bank of America, Partner, Bank, RIA, Republic, Alex Esclamado, Bologna Business School, Yale University, Partner (business rank), Vic, Multimedia, Devoe, RIAS, Eye, MBA, Industry, Management, Financial adviser

NEW YORK,HOUSTON andDALLAS, Feb. 16, 2022 /PRNewswire/ --Republic Capital Group ("Republic Capital"), a leading independent investment bank that focuses on the RIA, wealth and asset management, securities, and fintech industries, is pleased to announce that Vic Esclamado has joined the firm as a Managing Director and Partner.

Key Points: 
  • NEW YORK,HOUSTON andDALLAS, Feb. 16, 2022 /PRNewswire/ --Republic Capital Group ("Republic Capital"), a leading independent investment bank that focuses on the RIA, wealth and asset management, securities, and fintech industries, is pleased to announce that Vic Esclamado has joined the firm as a Managing Director and Partner.
  • John Langston, Republic Capital's Founder and Managing Partner, remarked: "Vic is a first-class person with deep experience and expertise serving the RIA community.
  • Vic's background fits our firm perfectly," commented Peter Nesvold, Partner and Managing Director of Republic Capital.
  • Republic Capital specializes in providing investment banking services to the RIA, asset, and wealth management communities.