Carson Group Adds $320M Tungsten Wealth Management

Carson Group has added a financial advisory team that was previously affiliated with LPL Financial and oversaw roughly $320 million in advisory and brokerage assets. 

Edmond, OK-based Tungsten Wealth Management, which was founded in 2018, is led by founding partners and wealth advisors Shawn Peschke and Rob Frits and provides financial planning, investment management, estate and tax planning, and retirement services to high-net-worth clients. 

Following the transition, all the firm’s six wealth advisors have transitioned to Carson across offices in Tulsa, Bentonville, Arkansas, and Lafayette, Louisiana, Carson said. 

Advisors Peschke and Frits’ relationship with Carson started in 2018 after participating in Carson coaching programs, and they stated they shifted to Carson for its “technology, operational support, precision, responsiveness and commitment to client experience.” 

“As the industry continues to evolve, maintaining strong client relationships will require more than just advice,” Frits said. “We knew we needed a partner that is forward-thinking. Carson is at the forefront of what’s next in the industry, giving us the tools, community and infrastructure to spend more time with our clients and deliver a more holistic client experience.” 

Recently, Carson Group acquired Phoenix-based Meikle Financial Group, which manages $111 million in advisory and brokerage assets. 

Omaha, NE-based Carson Group, founded in 1983, oversees more than $58 billion in assets for more than 60,000 families, the firm said. 

Pictured: Rob Frits (Left) and Shawn Peschke (Right)