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Carson Group Fully Acquires Cedar Rapids Office

Carson Group Fully Acquires Cedar Rapids Office

In its first M&A transaction of 2025, Carson Group has acquired Carson Wealth Cedar Rapids, including their Las Vegas office. The newly formed Carson Wealth location will manage approximately $1 billion in client assets.

Russ Nieland, managing partner and wealth advisor, will lead the Carson Wealth office and will focus on client service and identifying new areas of business growth.

“Our decision to expand our partnership with Carson Group is our way of ensuring our legacy and ensuring the multigenerational ownership structure we established can continue to grow and meet the diverse needs of our clients,” said Nieland.

Carson Group is a wealth advisory firm, based in Omaha, NE, with $38 billion in assets under management and an advisory network of more than 150 partner offices serving over 51,000 client families across more than 50 Carson Wealth locations.

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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.