Editor’s note: This story has been corrected.
Carson Group, an RIA with $20 billion in assets, has acquired Karn Couzens & Associates, a Farmington, Connecticut-based independent firm with $800 million in assets under advisement, Carson announced Tuesday.
Karn Kouzens has offices in Farmington and Wallingford, Connecticut.
The 10-person firm is led by Robert A. Karn and Jeffrey P. Couzens and had been affiliated with Royal Alliance. Karn founded the firm in 1987 with Jim Couzens. Jeffrey Couzens, Jim Couzens’ son, joined the firm in 1997.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
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