Carson Group is extending its presence in the Centennial State as a veteran-led advisory practice becomes the latest to join its network of integrated offices.
The Omaha, Nebraska-based wealth advisory firm announced on Tuesday that it has acquired the Arvada, Colorado, practice led by managing partner and wealth advisor Ted Swenson.
The deal brings an advisor overseeing approximately $270 million in advisory and brokerage assets into Carson Wealth's network of fully integrated offices and marks the firm's third Colorado transaction since mid-2025.
Similar to others who've joined the Carson Wealth network, Swenson has worked alongside Carson since 2018, taking part in the firm's coaching programs before transitioning into a fully integrated office.
Burt White, who joined Carson Group from LPL in 2022 and took over the CEO role from founder Ron Carson in 2024, framed the deal as evidence of a model built on long-term relationships rather than one-off transactions.
"Ted's spent years working alongside Carson, leveraging our resources and support while building a thriving business," White said.
Before entering financial services in 1998, Swenson earned an accounting degree, passed the Certified Public Accountant exam and worked as an internal auditor. Over almost 30 years, he built a multigenerational client base centered on retirement planning, tax strategy, estate planning and investment management.
Swenson said the firm's planning depth, particularly on tax strategy, was the deciding factor in joining fully. "I believe Carson gives me the best opportunity to be the best advisor I can be," he said.
"Advisors today need more than investment solutions," White said. "They need advanced planning capabilities, innovative technology, operational support and a partner committed to helping them grow."
It was just last month that the firm rolled out a new estate planning capability aimed at helping advisors turn generational wealth transfers into a source of client retention, pairing education and a dedicated Advanced Planning Team with access to vetted outside specialists.
Dani Fava, Carson's chief strategy officer, said the initiative responds to a wealth transfer she described as reshaping how advisors retain multigenerational relationships.
"Estate planning has become a critical part of how advisors retain relationships," Fava said in a statement at the time.
The Swenson acquisition is Carson's third in Colorado since last June, when it announced the deal for Wambolt & Associates, a Littleton-based practice that at the time managed roughly $570 million in assets. The following month, it picked up Aveo Capital, an Englewood firm co-founded by Keys Tinney, which had close to $608 million under management at the time of the deal.
Swenson's office becomes Carson Wealth's 47th fully integrated location.
Carson, which took on Bain Capital as a strategic minority investment partner in 2021, now manages more than $60 billion in assets across a network exceeding 165 partner offices and 60,000 client families, according to the company, including more than 50 fully owned Carson Wealth locations.
Operational drag between an advisor signing and accounts going live is emerging as a competitive liability for wealth management firms.
Bain says companies face a "winner's paradox" as AI transformation collides with complex integrations.
Deal lifts global assets to roughly $523 billion under management.
Choice anxiety, prestige bias, and the temptation to make selections based on outsourced confidence are just some of the parallels between investing and the world of wine tasting.
Regulators found Bank of America's monitoring software had a known flaw Merrill left uncorrected for years.
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
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
