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Financial Advisory  + Direct Investment  + M&As  + RIAs & Financial Advisors  | 
Carson Group Buys $5B Portland RIA in Largest Deal Yet

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.

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Inside The Story

Carson GroupNorthwest Capital Management

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.