Exencial Wealth Advisors, an independent wealth management firm and fiduciary, has acquired Weinheimer Wealth Management, a boutique wealth management services firm based in Austin, Texas.
The partnership marks the firm’s third acquisition since 2020 after it acquired Willingdon Wealth Management and Shoreline Financial Advisors. Weinheimer brings with it $500 million in assets under management (AUM) and nine seasoned professionals.
“This partnership is more than a business transaction; it's a commitment to the shared mission of delivering top-notch service to our clients,” said John Burns, CEO of Exencial Wealth Advisors, in a press release. “The addition of Weinheimer to the Exencial family unites our shared values and decades of experience. We look forward to harnessing the strengths of both firms to enhance the financial well-being of our clients in Austin and beyond.”
Weinheimer targets high-net-worth individuals and small business owners, specializing in personalized, client-centric solutions, from risk management service and asset protection to exit planning for business owners.
Matt Weinheimer, CEO and founder of Weinheimer, said: “This partnership with Exencial aligns seamlessly with our commitment to delivering a personalized client experience. We believe this collaboration will further enhance our value proposition.”
Weinheimer will maintain its office in Austin.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
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.
