Twenty Four Wealth, a practice with around $814 million in brokerage and advisory assets under advisement, has expanded its reach and assets under administration through the acquisition of a firm in New Hampshire.
Acquiring the wealth management business of Raymond Noel & Associates, based in Bedford, New Hampshire, adds nearly $150 million in advisor assets and expands Twenty Four Wealth’s footprint north to the affluent Boston suburb.
The combined firm will be led by Twenty Four Wealth CEO Anthony Truino and COO Michael Carbino.
"After meeting Ray and his team, we realized immediately the synergies in our process and delivery of our client experience," Truino said. "Bringing together our firms to execute a shared vision of a more hands-on wealth management future made perfect sense. With the support of Stratos, we are on an incredibly strong foundation to achieve our ambitions and client-centric growth goals."
Twenty Four Wealth is affiliated with Stratos Wealth Partners, through which it manages $638 million in advisory assets, and also advises through LPL Financial more than $176 million in brokerage and third-party managed assets.
Stratos Wealth Partners advised on the acquisition.
“Tony and Mike have built a strong organization with the capacity to engage in the M&A market for wealth advisory practices,” said Michael O’Brien, managing partner and national sales director at Stratos. “Early on, the firm identified acquisitions as a key strategic growth driver, and we are thrilled to be the partner that supports Twenty Four Wealth’s continued growth.”
With a fifth of RIA firms using AI to create marketing content, one leading voice argues a clear identity and focusing on clients will be crucial to success.
LPL Financial is a bellwether for the broader financial advice marketplace.
The San Francisco-based startup's Series A funding, with support from Schwab and Edward Jones Ventures, will reinforce its role in the coming $124 trillion wealth transfer.
The quartet of deals across New York, Florida, Ohio, and New Mexico reinforces the fast-growing integrator's leading position in the independent space.
UBS and Wells Fargo have made their own additions in the Northeast, including a Massachusetts duo defecting from Commonwealth.
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.
