DJIA52495.88 488.87
S&P 5007712.57 21.84
NASDAQ26424.82 -6.07
Russell 20002773.42 45.12
German DAX25304.42 -15.35
FTSE 10010733.00 -31.69
CAC 407838.49 -29.56
EuroStoxx 506124.75 -22.10
Nikkei 22564075.42 -841.28
Hang Seng23867.74 -319.09
Shanghai Comp3735.37 4.45
KOSPI5552.74 -215.27
Bloomberg Comm IDX143.33 -0.70
WTI Crude-fut109.14 -0.12
Brent Crude-fut101.09 -2.46
Natural Gas3.00 -0.03
Gasoline-fut3.14 -0.04
Gold-fut4144.80 -15.10
Silver-fut58.12 0.95
Platinum-fut1663.30 15.20
Palladium-fut1104.50 -16.00
Copper-fut6.62 0.04
Aluminum-spot3195.00 0.00
Coffee-fut310.10 -3.65
Soybeans-fut1247.50 -5.50
Wheat-fut642.75 -13.25
Bitcoin83012.25 1018.74
Ethereum USD2456.70 49.78
Litecoin61.31 1.72
Dogecoin0.08 0.00
EUR/USD1.1227 0.0007
USD/JPY158.25 -0.23
GBP/USD1.3377 0.0072
USD/CHF0.8261 -0.0001
USD IDX101.75 -0.23
US 10-Yr TR5.125 0.008
GER 10-Yr TR3.4166 0.0241
JAP 10-Yr TR2.898 -0.003
Fed Funds4 0
SOFR3.87 -0.01
High-rise commercial buildings

Sub Markets

Topics

Financial Advisory  + Direct Investment  + M&As  + RIAs & Financial Advisors  + Wealth Management  | 
Carson Group Fully Acquires $314M Carson Wealth Michigan Location 

Carson Group Fully Acquires $314M Carson Wealth Michigan Location 

Carson Group revealed its complete acquisition of Mommaerts Mahaney Financial Services. The Marquette, MI-based firm, founded by Jon Mommaerts, oversees about $314 million in assets and will transition to operating as a Carson Wealth office in Marquette. 

“Jon has done an impressive job growing his team and his business, and this transition will allow him to focus more on the firm’s clients, while allowing us to manage daily business operations,” said Burt White, CEO of Carson Group. We’re here to make things easier for our advisors and partners, and we’re thrilled to be able to do this for our new Carson Wealth office in Marquette.” 

As a Carson Wealth office, clients will maintain the same high-quality service while gaining access to enhanced offerings through Carson’s comprehensive ecosystem, enabling advisors to deliver a wider array of solutions. Carson Group will also offer strategic resources to support Mommaerts in expanding and strengthening the practice. 

This acquisition is the latest in a string of moves by Carson Group, solidifying its foothold in the Midwest. The office will remain at its existing Marquette location. 

In late January, Carson announced it would fully acquire its Carson Wealth Chicago office, a $1 billion firm with five locations in the Chicago area and over 15 advisors. Prior to that, it announced it fully acquired Carson Wealth Cedar Rapids, including their Las Vegas office. The newly formed location will manage approximately $1 billion in client assets. 

Carson Group, based in Omaha, NE, manages nearly $41 billion in assets and serves more than 51,000 client families among its advisory network of over 150 partner offices, including more than 50 Carson Wealth locations. 

Alaris Acquisitions served as exclusive M&A advisor to Mommaerts. 

Read More News Stories About: Carson Group
Connect

Inside The Story

Carson Group

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.