Wealthspire Advisors to acquire StratWealth

Wealthspire Advisors, an NFP company and independent investment adviser, is to acquire StratWealth, a wealth management firm serving families and retirement plans. 

“StratWealth has a fantastic culture of client service and talented advisors that fit well with Wealthspire,” says Wealthspire CEO Mike LaMena. “Integrating them with our deep investment platform, robust technology and back office support structure will enhance value for StratWealth’s clients. We are excited to welcome StratWealth’s accomplished team and expand our presence in the Mid-Atlantic market, and we look forward to continuing to expand our wealth management platform through a combination with top quality firms throughout the United States.”

Wealthspire Advisors currently oversees approximately USD10.6 billion in AUM.

StratWealth currently serves more than 900 families and oversees assets of approximately USD1.5 billion. In addition, the firm services over 100 business retirement plans that will become part of NFP’s retirement business, bringing expanded support and services to those plans. The transaction is expected to close in the fourth quarter of 2020, subject to customary approvals and closing conditions.

StratWealth has been recognized as a top financial advisory firm by the Financial Times and has received numerous awards and recognition. “Being part of Wealthspire will be a game changer for both StratWealth’s clients and our associates,” says James DeCarlo, CsO of StratWealth. “We are looking forward to fully integrating with Wealthspire and becoming part of a dynamic, growing firm with broader services and a national presence. We’ll still have the same close-knit company culture and commitment to serving our clients, just with a much deeper talent base supporting us.”