Carson Group strikes latest buyout deal in Marquette, Michigan

Carson Group is strengthening its presence in the Midwest as it fully acquires another partner firm.

Carson announced it has obtained full ownership of Mommaerts Mahaney Financial Services, a Marquette, Michigan-based RIA managing approximately $314 million in client assets.

Following the transaction, the firm will operate as Carson Wealth and become part of Carson Group’s directly owned advisory footprint. The office will remain in Marquette and continue to serve its client base under the leadership of founder Jon Mommaerts.

Mommaerts is an experienced advisor with a 23-year record as a registered broker with Finra, according to his BrokerCheck profile. After starting out with Franklin Financial Services Corporation in Texas in 1994, he went on to American General Securities in 2002, then Sagepoint Financial in 2008.

In a statement, Carson Group said clients will continue receiving services from the same team, while gaining access to an expanded suite of tools, technologies, and planning resources. The firm also plans to provide additional strategic and operational support to help the Marquette office grow and scale over time.

Mommaerts Mahaney has long focused on providing financial planning and investment management services to individuals and families in northern Michigan. Its full integration into Carson’s ecosystem reflects the company’s broader strategy of selectively acquiring practices that align with its long-term goals.

The Marquette transaction follows Carson’s ongoing efforts to consolidate and deepen its relationships with firms that were previously part of its partnership network. While the company continues to attract affiliate offices nationwide, it has also increased direct ownership of certain locations as part of a multifaceted growth strategy.

“We continually strive to provide the best resources and support to our network of advisors. In many cases, business conditions can make succession plans difficult to execute, which is a growing challenge in our industry,” Carson Group CEO Burt White said of the acquisition at the time.

In January, Carson revealed it had fully acquired its Cedar Rapids, Iowa office, which managed roughly $1 billion in assets. Shortly after, it fully bought out its Chicago branch, which had expanded its AUM from $163 million to more than $1 billion at the end of 2024 under the leadership of managing partner and wealth advisor Mark McCallum.

Carson Group has also been busy enriching its talent and executive pool. Most recently in March, it appointed Envestnet veteran Ramesh Vaswani as its chief technology officer. In January, it welcomed Debbie Taylor, founder of Taylor Financial Group, as the leader of its new tax planning program, Carson Tax Strategy.

Headquartered in Omaha, Carson now manages close to $41 billion in assets and supports a network of more than 150 partner firms, including over 50 Carson Wealth offices.

According to data from Echelon Partners, Carson Wealth announced six acquisition deals in 2024, putting it in league with Hightower Advisors, Mariner Wealth Advisors, CI Financial-owned Corient, and EP Wealth.