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Financial Advisory  + Direct Investment  + M&As  + RIAs & Financial Advisors  | 
The Wealth Consulting Group Merges with $2B Hybrid RIA V Wealth

The Wealth Consulting Group Merges with $2B Hybrid RIA V Wealth

The Wealth Consulting Group, an LPL Financial–affiliated hybrid registered investment advisor, has merged with V Wealth, another LPL-affiliated hybrid RIA overseeing $2 billion in assets.

The firms did not disclose the financial terms of the deal.

The V Wealth team was drawn to WCG’s platform offerings, which include financial planning, M&A support and solutions for office space and practice management.

A total of 43 investment advisors from Overland Park, KS–based V Wealth have joined WCG’s wealth management platform. V Wealth was founded in 2009 and is led by Tom Blumer, Brett Lange and Dan Cherra.

“We believe that WCG’s unique value proposition combining the financial planning support to advisors and flexible separate account investment management strategies will help the former V Wealth advisors offer more value to their clients,” said Jimmy Lee, CEO and Founder of WCG.

The merger brings Las Vegas-based WCG’s total assets under advisement to over $7 billion and over $5 billion of assets under management. The RIA also custodies some of its assets with Charles Schwab, Schwab-owned TD Ameritrade and Fidelity.

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Inside The Story

The Wealth Consulting GroupV Wealth

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.