Wealthspire Advisors To Acquire StratWealth

Wealthspire Advisors To Acquire StratWealth

Wealthspire Advisors To Acquire StratWealth

Adds $1.5 billion in assets, three offices in the Mid-Atlantic market

New York, October 1, 2020 – Wealthspire Advisors, an NFP company and independent investment adviser, today announced the signing of a definitive agreement for the acquisition of StratWealth, an award-winning wealth management firm serving families and retirement plans. StratWealth is based in Maple Lawn, Md., and operates additional offices in Annapolis and Salisbury.

“StratWealth has a fantastic culture of client service and talented advisors that fit well with Wealthspire,” said Wealthspire CEO Mike LaMena. “Integrating them with our deep investment platform, robust technology and back office support structure will enhance value for StratWealth’s clients. We are excited to welcome StratWealth’s accomplished team and expand our presence in the Mid-Atlantic market, and we look forward to continuing to expand our wealth management platform through a combination with top quality firms throughout the United States.”

Wealthspire Advisors currently oversees approximately $10.6 billion in AUM and has Mid-Atlantic offices in Potomac, Md., Reston, Va., and Philadelphia.

StratWealth currently serves more than 900 families and oversees assets of approximately $1.5 billion. In addition, the firm services over 100 business retirement plans that will become part of NFP’s retirement business, bringing expanded support and services to those plans. The transaction is expected to close in the fourth quarter of 2020, subject to customary approvals and closing conditions.

StratWealth has been recognized as a top financial advisory firm by the Financial Times and has received numerous awards and recognition. “Being part of Wealthspire will be a game changer for both StratWealth’s clients and our associates,” said James DeCarlo, CEO of StratWealth. “We are looking forward to fully integrating with Wealthspire and becoming part of a dynamic, growing firm with broader services and a national presence. We’ll still have the same close-knit company culture and commitment to serving our clients, just with a much deeper talent base supporting us.”

About Wealthspire Advisors

Wealthspire Advisors is an independent registered investment advisor with 13 offices in 9 states throughout the East Coast and Midwest. We are fiduciary advisors who value connecting all parts of a clients’ financial life and deliver thoughtful, collaborative strategies that optimize their finances and fulfill their aspirations. Wealthspire Advisors acts as a wealth manager, investment advisor, consultant, and constant partner in helping clients gain confidence in their financial futures. For more information on Wealthspire Advisors, please visit www.wealthspire.com.

About NFP

NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,700 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 6th largest US-based privately owned broker, and 8th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 12th largest global insurance broker (Best’s Review).

Visit NFP.com to discover how NFP empowers clients to meet their goals.

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Wealthspire Advisors is the common brand and trade name used by Sontag Advisory LLC and Wealthspire Advisors, LP, separate registered investment advisers and subsidiary companies of NFP Corp.

News Release
Contact:
Jill Cockerham
301.339.6097
jill.cockerham@wealthspire.com