Indianapolis-based RIA managing $575 million affiliates with Ron Carson

Indianapolis-based RIA managing $575 million affiliates with Ron Carson
Spectrum Wealth Management will rebrand as a Carson Wealth office.
APR 30, 2019

Spectrum Wealth Management, a registered investment adviser based in Indianapolis, Ind., managing $575 million, is affiliating with Carson Wealth. In a deal Carson calls an "equity swap option," Spectrum will rebrand itself as Carson Wealth and have access to Carson's services, while its principals maintain majority ownership of their firm, Spectrum said in a release. (More:​ Best Places to Work for Financial Advisers 2018: Carson Wealth) Spectrum co-founders Bob Phillips and Leslie Thompson, who lead a team of eight, will remain with the firm and continue as decision-makers for business decisions and operations in the Indianapolis office.

Latest News

Fintech bytes: Envestnet reaffirms $1B RIA commitment with Tamarac tech investment
Fintech bytes: Envestnet reaffirms $1B RIA commitment with Tamarac tech investment

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.

RIA moves: Maridea acquires multigenerational practice in Pennsylvania debut
RIA moves: Maridea acquires multigenerational practice in Pennsylvania debut

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.

Private equity eyes 401(k) plans, but fees remain a hurdle
Private equity eyes 401(k) plans, but fees remain a hurdle

Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.

IRS floats proposal ending tax breaks for schools that weigh race
IRS floats proposal ending tax breaks for schools that weigh race

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.

Trust over tech: The hidden signal of stock success in the AI era
Trust over tech: The hidden signal of stock success in the AI era

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.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

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