Carson Wealth, the wealth management juggernaut that serves 50,000 families with $32 billion in assets across its advisory network, is expanding its geographic reach.
Through a strategic partnership with Fisher Financial Advisors, the firm announced it is breaking into the East Coast market with the opening of two new offices in Hanover, New Hampshire, and Chester, Vermont. As a result of the collaboration, Fisher will be rebranded to Carson Wealth.
"Carson will be instrumental in elevating our client experience," Tim Fisher, managing director and wealth advisor at Fisher Financial Advisors, said in a statement. "As we've grown, the need for additional expertise became apparent, and Carson’s expansive resources can help fill a lot of buckets for us, like portfolio management and tax and estate planning."
Nate Fisher, Tim's son, who's also a managing director and wealth advisor at the firm, said succession planning was a key consideration in their decision.
"We wanted not only to sustain our growth, but to continue expanding," he said. "Partnering with Carson means we are actively planning for the future of our firm and our clients."
“Our goal is to provide Fisher Financial Advisors, and their clients, with the tools and expertise needed for sustained success," said Michael Belluomini, vice president of mergers and acquisitions at Carson Group. "This deal isn’t just about adding locations; it's about advancing the industry standard."
Over the years, Carson Wealth's advisory network has grown to encompass more than 150 partner offices including 50-plus locations.
That growth has been underpinned by what Burt White, managing partner and chief strategy officer at Carson Group, described as a "[commitment] to providing advisors with the resources they need to thrive both now and, in the future.
"We look forward to partnering with Tim and Nate, contributing to the continued success of Fisher Financial Advisors and welcoming them into our growing advisor community,” White said.
Carson's deal with Fisher – its first for 2024 – comes after Oakeson Steiner Wealth & Retirement, a $1.2 billion practice, unveiled its own decision to join the RIA giant in December.
“At the forefront of creating better solutions for clients, our move to Carson Group aligns perfectly with our goal of providing enhanced services through cutting-edge technology and resources,” Josh Yost, the firm's president, said at the time.
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