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Wealthspire Advisors to Acquire StratWealth

Adds $1.5 billion in assets, three offices in the Mid-Atlantic market
October 01, 2020

NEW YORK - October 1, 2020 - Wealthspire Advisors, an NFP company and independent investment adviser, today announced the signing of a definitive agreement for the acquisition of StratWealth, an award-winning wealth management firm serving families and retirement plans. StratWealth is based in Maple Lawn, Md., and operates additional offices in Annapolis and Salisbury.

'StratWealth has a fantastic culture of client service and talented advisors that fit well with Wealthspire,' said Wealthspire CEO Mike LaMena. 'Integrating them with our deep investment platform, robust technology and back office support structure will enhance value for StratWealth's clients. We are excited to welcome StratWealth's accomplished team and expand our presence in the Mid-Atlantic market, and we look forward to continuing to expand our wealth management platform through a combination with top quality firms throughout the United States.'

Wealthspire Advisors currently oversees approximately $10.6 billion in AUM and has Mid-Atlantic offices in Potomac, Md., Reston, Va., and Philadelphia.

StratWealth currently serves more than 900 families and oversees assets of approximately $1.5 billion. In addition, the firm services over 100 business retirement plans that will become part of NFP's retirement business, bringing expanded support and services to those plans. The transaction is expected to close in the fourth quarter of 2020, subject to customary approvals and closing conditions.

StratWealth has been recognized as a top financial advisory firm by the Financial Times and has received numerous awards and recognition. 'Being part of Wealthspire will be a game changer for both StratWealth's clients and our associates,' said James DeCarlo, CEO of StratWealth. 'We are looking forward to fully integrating with Wealthspire and becoming part of a dynamic, growing firm with broader services and a national presence. We'll still have the same close-knit company culture and commitment to serving our clients, just with a much deeper talent base supporting us.'

About NFP

NFP, an Aon company, is an organization of consultative advisors and problem solvers helping companies and individuals address their most significant risk, workforce, wealth management and retirement challenges. We are more than 7,700 colleagues in the US, Puerto Rico, Canada, UK and Ireland serving a diversity of clients, industries and communities. Our global capabilities, specialized expertise and customized solutions span property and casualty insurance, benefits, wealth management and retirement plan advisory. Together, we put people first, prioritize partnerships and continuously advance a culture we’re proud of.

About Wealthspire Advisors

Wealthspire Advisors is an independent registered investment advisor with 13 offices in 9 states throughout the East Coast and Midwest. We are fiduciary advisors who value connecting all parts of a clients' financial life and deliver thoughtful, collaborative strategies that optimize their finances and fulfill their aspirations. Wealthspire Advisors acts as a wealth manager, investment advisor, consultant, and constant partner in helping clients gain confidence in their financial futures. 

https://www.nfp.com/about-nfp/newsroom/stratwealth/
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