Carson Group, a prominent player in the financial advisory sector, has announced its latest strategic partnership with FAI Wealth Management, an esteemed advisory firm headquartered in Columbia, Maryland.
This collaboration signifies a significant move for both entities and reinforces Carson Group’s steadfast commitment to expansion within the industry.
Established in 1987, FAI Wealth Management currently oversees a portfolio of $300m in client assets nationwide.
Under the leadership of Managing Director and Wealth Advisor, Mark Stinson, CFP, CPA, MBA, the team of seven professionals will continue to operate from the Columbia, Maryland office location.
Stinson said: “Carson Group was the partner we were seeking.
“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. This partnership ensures that we will continue to lead the way in financial planning and investment management for many years to come.”
FAI’s decision to join forces with Carson Group was guided by several pivotal considerations, highlighting a harmonious convergence of values and business philosophies.
Notably, both organisations share a common focus on financial and retirement planning, with Carson Wealth’s comprehensive training programme and Advanced Solutions Group offering advisors the necessary tools to help clients achieve their financial objectives.
For FAI Wealth Management, this partnership represents a natural step forward in their growth strategy, leveraging the alignment of investment philosophies and the robust investment platform presented by Carson Group. Moreover, FAI sought a partnership with a dynamic, forward-moving company, and Carson Group’s track record as a top-ranked advisory firm aligned seamlessly with their aspirations.
In line with this strategic alliance, FAI Wealth Management will undergo a rebranding, adopting the name Carson Wealth.
Clients of FAI Wealth Management can anticipate a smooth transition, with minimal disruptions expected. The partnership will deliver an enhanced client experience, granting access to a broader range of financial planning and investment resources.
The transaction was facilitated by Alaris Acquisitions, serving as the M&A advisor to FAI Wealth Management.
Carson Group’s latest partnership with FAI Wealth Management marks a pivotal moment in the financial advisory industry, bringing together two entities committed to delivering comprehensive financial planning and investment management services to individuals, families, and businesses nationwide. This collaboration is set to drive growth and further strengthen Carson Group’s industry presence.
Carson Group mergers and acquisitions VP Michael Belluomini said: “We are thrilled to partner with the FAI Wealth Management team and the clients that they have served for many years. This opportunity represents another significant milestone in our growth journey as we build upon the outstanding community of advisors and seek to fulfil our mission of being the most trusted in financial advice.”
