
Carson Group Buys $5B Portland RIA in Largest Deal Yet
Carson Group announced an equity partnership with Northwest Capital Management (NWCM), a Portland, OR-based retirement and investment advisory firm with more than $5 billion in client assets, making it Carson’s largest deal to date.
Financial terms of the deal were not disclosed.
Founded in 1998, the 13-member NWCM team will continue to be led by Managing Director, Partner and Senior Investment Advisor, Brent Petty and Senior Investment Advisor, Fred Payne, Jr.
“Our affiliation with Carson will allow us to expand our resources considerably, gaining a larger support staff for client service, financial planning, investment research, portfolio analysis, trading and investment monitoring,” said Petty.
Omaha, NE-based Carson Group has built up its retirement plan offerings and its ability to offer holistic planning through recent strategic partnerships with Vestwell, BOK Financial Advisor Trust Services and Trust & Will, as well as several recent strategic hires. The NWCM partnership allows for further expansion of such offerings.
Carson Group currently manages $28.2 billion in assets and serves more than 46,000 families among its advisory network of 140+ partner offices.