Carson Group, a leading wealth advisory firm with almost $41 billion in assets under management (AUM), announced the full acquisition of Mommaerts Mahaney Financial Services. Headed by founder Jon Mommaerts, CFP, the Marquette, Michigan-based firm serves about $314 million AUM and will rebrand as a Carson Wealth office in Marquette.
The clients will continue receiving the same quality service, with added benefits as advisors can access Carson’s full ecosystem to provide a broader range of experiences. And Carson Group will also provide strategic support to help Mommaerts grow and scale the practice.
This acquisition marks the latest in a series of announcements from Carson Group and further strengthens the firm’s presence in the Midwest. And the office will maintain its current location in Marquette.
Advisor: Alaris Acquisitions served as the exclusive M&A advisor to Mommaerts.
KEY QUOTES:
“Today marks an exciting milestone for Carson Group as the Mommaerts team chooses to become wholly owned and place their trust in us long-term. Jon has done an impressive job growing his team and his business, and this transition will allow him to focus more on the firm’s clients, while allowing us to manage daily business operations. We’re here to make things easier for our advisors and partners, and we’re thrilled to be able to do this for our new Carson Wealth office in Marquette.”
- Burt White, CEO of Carson Group
“We’ve partnered with Carson Group because they share our values and are committed to providing the resources we need – including technology, back-office support and systems access. This new partnership will allow us to continue to provide the highest level of care for the clients who have been with us every step of the way. We remain deeply committed to serving our community, and with Carson’s support and innovative tools, we can focus even more on our clients while continuing to grow and thrive.”
- Jon Mommaerts
“When we’re looking for a partner to acquire, we’re looking for someone who will be a great partner today but also in the future as they continue to grow the practice. It was clear to us that Jon and his team will continue to deliver outstanding financial planning with a strong focus on tax strategies, investment management and estate planning—and that’s a formula we are excited about.”
- Michael Belluomini, senior vice president of mergers and acquisitions at Carson Group
