Alera Group, a Deerfield, Illinois-based insurance and wealth management firm, has acquired DFG 401(k) Advisors, a Phoenix-based retirement plan firm advising on $500 million in plan assets.
Terms of the transaction were not disclosed. Wise Rhino Group served as an adviser to DFG.
CFG is joining Alera through the company’s Benefit Commerce Group and will now operate as BCG 401(k) Advisors.
Alera was formed in 2017, when 24 employee benefit firms combined with the backing of private equity firm Genstar Capital. Since then, Alera has completed more than 150 acquisitions across its other three divisions.
Meanwhile, an advisor tuck-in from Edward Jones expands Kestra's Washington, D.C.-area presence, and Janney deepens its Connecticut footprint with an experienced Wells Fargo advisor.
KFN Succession Center pairs advisors weighing retirement with buyers, as next-gen affordability keeps eroding industry-wide.
New CFA Institute research calls for tougher valuation rules and suitability standards as private credit funds court wealth management clients.
Michigan father-son team with nearly 50 years of combined experience joins LPL, while a New Jersey advisor moves from Ameriprise to RJFS.
UBS expert Sarah Salomon says stewardship is built over time, not handed over in a will.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
