Carson Group said it has acquired Shobe Financial Group, a Baton Rouge, Louisiana-based wealth management firm overseeing $500 million in assets under management, in a deal motivated by the firm’s need for a succession plan.
The 16-person firm was founded in 1983 and is led by Ed Shobe, partner and chairman, and Jason Wendham, partner and president.
“We didn’t take this decision lightly — it’s been more than a year in the making, and after careful consideration and due diligence we know that our decision to join Carson Wealth is what is in our clients’ and our team’s best interest,” Wendham said in a statement.
Jamie Hopkins, managing partner of wealth solutions at Carson Wealth, said that while some advisors are attracted to Carson by its business solutions, “there are others, like Ed and Jason, who turn to us because they’ve built a multigenerational family business and they want to continue to grow, as well as secure a future for their firm and their clients.”
Carson Group manages $21 billion in assets and has a network of more than 460 advisors in offices in 37 states. The Baton Rouge location will be Carson Group’s seventh wholly owned location.
A Texas-based bank selects Raymond James for a $605 million program, while an OSJ with Osaic lures a storied institution in Ohio from LPL.
The Treasury Secretary's suggestion that Trump Savings Accounts could be used as a "backdoor" drew sharp criticisms from AARP and Democratic lawmakers.
Changes in legislation or additional laws historically have created opportunities for the alternative investment marketplace to expand.
Wealth managers highlight strategies for clients trying to retire before 65 without running out of money.
Shares of the online brokerage jumped as it reported a surge in trading, counting crypto transactions, though analysts remained largely unmoved.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
