Carson Group is on the move again as it adds a Texas-headquartered planning firm to its network of partnerships.
On Tuesday, the national wealth firm announced that Shane Hall Financial has joined its advisory network of over 150 partner firms.
By collaborating with Carson’s Investments Team, Shane Hall Financial's aims to enhance its offerings with services such as tax, trust, and estate planning, and facilitate its growth within the financial advisory space.
Shane Hall Financial, headquartered in Amarillo, Texas, focuses on retirement income planning and comprehensive financial planning, with specializations in areas such as 403(b) plans, 457(b) plans, and rollover IRAs, according to its website.
Under the leadership of its eponymous founder Shane Hall, a 25-year industry veteran, the firm manages $169 million in assets.
"We chose to partner with Carson Group because of their forward-thinking approach to growth and advanced technology infrastructure," Hall said in a statement Tuesday.
"This collaboration will enable us to offer a broader range of services to our clients and better leverage our time, allowing us to focus on delivering personalized financial advice," he said.
After an extended period of frustration with various obstacles limiting the firm's growth in the past, Hall is looking forward to the new opportunities the partnership unlocks for his business.
“Carson Group's robust infrastructure and technology capabilities will provide us with the tools necessary to scale our business effectively," he said.
Carson Group, which manages $36 billion in assets and works with more than 50,000 families, reaffirmed its commitment to support advisors who have been historically limited by various external ceilings.
Statistics from the 2023 RIA Benchmarking Study by Charles Schwab suggest 70 percent of advisors are stuck, lacking a clear growth strategy while at the same time facing challenges in their ability to deliver personalized client service and utilize technology.
Gregg Johnson, national sales director at Carson Group, said the latest deal offers “a perfect example of the firm we seek to partner with.”
"[Shane Hall Financial’s] commitment to putting clients first and their innovative approach to financial planning aligns seamlessly with our mission at Carson Group,” Johnson said.
Shane Hall Financial will maintain its independence and continue serving clients with the same dedicated team under the same name. In June, Carson Group extended its reach in the Northeast with its addition of Avery Wealth, a Jackson, Michigan-based independent.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
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
