Carson Wealth Acquires Half of Aveo Capital for $608M 

Carson Group has acquired a Colorado-based financial advisory firm, which oversees more than $1.6 billion in assets under management. 

Englewood, CO-based Aveo Capital has split into two entities, with half rebranding as a Carson Wealth location, in a transaction valued at $608 million, and the other half rebranding as Legacy Wealth Partners, a company spokesperson said to Connect Money. 

The half that was acquired by Carson comes as the firm is on a mission to expand its presence in Colorado, marking the firm’s 15th acquisition of the year.  

The team at Aveo that moved over to Carson wanted to work with a W2 model and joined Carson for its resources and technology, a company spokesperson said. 

Aveo Capital, founded in 2011, joined Carson Group on July 9 and will continue to be led by managing partner Keys Tinney, and partners Brian Rorick and Michael Beerman. The firm provides retirement planning, financial planning, wealth management, and estate planning to high-net-worth individuals, pre-retirees, retirees, charitable organizations, and businesses. 

“As Aveo grew, we recognized that if we wanted to do more for our clients, we needed to transition into a more unified team—one that could enhance our services and solutions while maintaining the same level of strong, personal relationships we’ve built with each client,” Tinney said. “Carson had everything we envisioned for Aveo already built, tested, and ready to implement. The scale, innovative technology, holistic tax planning services, and advanced investment capabilities will allow us to grow for generations to come.” 

The other half, which was rebranded as Legacy Wealth Partners, founded in 2009, is led by founding partners Alexander Cameron and Rex Emery, and manages about $563 million in client assets for 2,001 accounts, according to its latest Form ADV filed in April. 

Ownership of Legacy Wealth Partners also includes partners and private wealth advisors Melissa Wagner and Andrew Feldman. Wagner also serves as the firm’s director of planning and operations, according to their website. 

In June, Carson Group fully acquired a Maryland-based Carson Wealth office that oversees more than $300 million in assets.  

Omaha, NE-based Carson Group, founded in 1983, oversees $42 billion in assets for more than 54,000 families, according to the firm.

Pictured: Keys Tinney