Wealthspire Advisors Acquires $176M RIA 

Wealthspire Advisors has added a New Jersey-based registered investment advisory firm, marking its first post-deal acquisition since the firm’s launch. 

Red Bank, NJ-based RoundAngle Advisors, which manages roughly $176 million in total client assets, was previously affiliated with broker-dealer Purshe Kaplan Sterling Investments, according to the firm’s Form ADV Part B Brochure. 

RoundAngle Advisors was founded in 2015, by managing principal Jonathan Bernstein and includes COO and director of client relations Nela Diaz and CCO Deirdre “Dee” DeRosa.

All members will continue to lead the practice following its acquisition by Wealthspire, a company spokesperson said to Connect Money. 

The team offers investment management, retirement planning, risk management, tax and estate planning, insurance services, social security optimization strategies, and succession planning, per the firm’s website. 

“Jonathan and his team exemplify the care and professionalism that define Wealthspire,” Mike LaMena, CEO of Wealthspire, said. “Their long-term focus and personalized planning approach aligns seamlessly with how we serve families. This partnership also deepens our presence in the Tri-State area and continues our strategy of supporting advisors who lead with empathy, integrity, and client-first values.” 

The initial Wealthspire, along with Fiducient Advisors, Ground Control Business Management, Newport Private Wealth, and Wealthspire Retirement Advisory, was acquired by private equity firm Madison Dearborn Partners from Aon, its parent company. 

Aon acquired NFP from Madison Dearborn Partners last April in a transaction valued at $13.4 billion in cash and stock. The acquisition was funded with $7 billion in cash and $6.4 billion in Aon’s stock. 

In September, Wealthspire acquired Larkspur, CA-based RIA Marin Financial Advisors, which manages over $380 million in assets under management.

Pictured: Jonathan Bernstein