DJIA51828.62 478.64
S&P 5007743.41 39.28
NASDAQ27068.72 129.34
Russell 20002837.55 1.98
German DAX25408.64 142.11
FTSE 10010695.25 15.26
CAC 408077.80 -3.63
EuroStoxx 506298.15 25.20
Nikkei 22566364.20 850.21
Hang Seng24510.09 -251.04
Shanghai Comp3888.37 -48.15
KOSPI7080.92 63.01
Bloomberg Comm IDX144.32 -1.62
WTI Crude-fut97.47 -2.49
Brent Crude-fut92.44 -1.85
Natural Gas3.25 -0.03
Gasoline-fut3.20 -0.12
Gold-fut4320.50 12.30
Silver-fut64.71 0.52
Platinum-fut1800.80 32.60
Palladium-fut1277.50 2.50
Copper-fut6.78 0.01
Aluminum-spot3195.00 0.00
Coffee-fut278.10 1.50
Soybeans-fut1320.00 3.50
Wheat-fut704.00 -1.75
Bitcoin83738.21 -449.20
Ethereum USD2678.52 -4.29
Litecoin70.93 -0.16
Dogecoin0.10 0.00
EUR/USD1.1364 -0.0024
USD/JPY158.84 0.55
GBP/USD1.3209 -0.0032
USD/CHF0.8290 0.0040
USD IDX101.04 -0.22
US 10-Yr TR5.165 0.003
GER 10-Yr TR3.6061 -0.0171
UK 10-Yr TR5.3528 -0.0129
JAP 10-Yr TR3.077 -0.005
Fed Funds4 0
SOFR3.88 0.01
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Financial Advisory  + Direct Investment  + M&As  + RIAs & Financial Advisors  |  July 18, 2023
The Wealth Consulting Group Merges with $2B Hybrid RIA V Wealth
Joe Palmisano
By: Joe Palmisano

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.

Connect

Inside The Story

The Wealth Consulting GroupV Wealth

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.
Order Reprints