Acquisition: NFP to Purchase Marin Financial Consultants
In the dynamic world of financial services, several significant changes are afoot. Here's a rundown of the latest developments involving Aon, NFP, Wealthspire, and Resolute Insurance Services.
Aon plc, a leading global professional services firm, has agreed to sell a substantial portion of NFP's wealth business. The deal includes Wealthspire Advisors, Fiducient Advisors, Newport Private Wealth, and related entities. This move is part of Aon's strategy to focus on its core businesses.
Meanwhile, Wealthspire Advisors, an independent registered investment advisor, has made strategic acquisitions to strengthen its presence and broaden its offerings. One such acquisition is Marin Financial Advisors, a boutique RIA based in Larkspur, California, with over $380 million in assets under management. This move aligns with Wealthspire's commitment to partnering with advisors who prioritize client relationships, thoughtful planning, and high-level service.
Colin Drake, Principal of Marin Financial Advisors, has been providing personalized financial guidance since 1987. With the acquisition, Drake will continue serving clients alongside Client Service Director Christine Cione, ensuring a seamless transition with the same people, service, and philosophy, supported by a broader team of professionals.
The acquisition by Wealthspire reflects the firm's ongoing commitment to seeking out advisors who share its values and a relationship-driven mindset. Mike LaMena, CEO of Wealthspire Advisors, expressed enthusiasm about Drake joining the firm, citing shared values and a focus on client-centric services.
NFP, an Aon company, has also announced the acquisition of Levine Group, LLC, a financial services firm based in Brentwood, TN, serving Nashville. This move expands NFP's wealth management capabilities.
Furthermore, the acquisition of Resolute Insurance Services, an independent insurance broker based in the West Midlands, accelerates NFP's expansion in the commercial insurance sector. This move strengthens NFP's position in the market and broadens its product offerings.
Wealthspire offers ongoing educational opportunities, including webinars, quarterly updates, and in-person events, to help clients stay informed and make informed decisions about their financial futures.
These acquisitions and strategic moves reflect the ongoing evolution of the financial services sector, as firms seek to expand their offerings, strengthen their presence in key markets, and prioritize client relationships.
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