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RIA Carson Wealth Adds 3 Merged Firms With $182M

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RIA Carson Wealth added three merged financial services firms based in Florida and North Carolina, along with their $182 million in combined assets under management, Carson Group said Tuesday.

The addition of the three new Carson Wealth offices, combined with other growth throughout 2019 and in 2020 so far, has allowed parent Carson Group to “surpass” $12 billion in AUM, a Carson Group spokeswoman told ThinkAdvisor.

The three Southeastern boutique RIAs are Orlando, Florida-based Cadwell Wealth; Raleigh, North Carolina-based Fulcrum Advisors; and Mooresville, North Carolina-based Sovereign Investment Group. The three new offices “will operate under the Carson Wealth brand [and] will not maintain the separate names,” the spokeswoman said.

As has been the case with other advisors who have affiliated with Carson Wealth, Cadwell Wealth CEO and founder Scott Cadwell, Sovereign CEO Ted DeLisi and Matthew Gomoll and Travis Laska of Fulcrum Advisors will “maintain active majority ownership and will remain the strategic decision maker for all business decisions and operations in their respective” Florida and North Carolina-based offices, according to Carson Group.

Other financial terms of the deal were not provided by our deadline.

In Florida, Cadwell Wealth’s “transition to Carson Wealth will also bring together offices in Celebration and Windermere to better service clients from a centralized Orlando location,” Carson Group said.

“Carson Wealth’s deep bench of financial services experts and ‘single pane of glass’ tech experience is really going to help us create deeper relationships with our clients, giving them incredible insight into their wealth and helping them along their financial paths,” according to Cadwell.

“I’ve known Scott since 2002, and couldn’t be happier that he and Ted and Matt and Travis will be a part of the Carson Wealth family of advisors,” Ron Carson, CEO and founder of Carson Group, said in a statement. “Their commitment to their clients is second to none, and by streamlining back-office operations and leveraging the Carson tech stack, they’re going to have an even greater impact, together.”

— Check out How to Maximize Your Value to Clients: Carson Group on ThinkAdvisor.


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