Carson Group announced that Foran Financial Group has joined its integrated advisor channel and will operate as a Carson Wealth location in Somerville, New Jersey. Foran Financial Group serves approximately $410 million in assets under management and joins Carson from LPL.
The family-run, multigenerational practice is led by Managing Partners and Wealth Advisors Daniel Foran and John Foran.
The team serves executives, small business owners, and multigenerational families throughout Somerset County, with an emphasis on financial education and long-term client relationships.
Foran Financial Group has also spent the past 14 years teaching retirement planning courses at Raritan Valley Community College.
Dan Foran has additionally served as a guest lecturer at the Rutgers School of Business.
As part of Carson Wealth, Foran Financial Group clients will continue working with the same advisors and staff from the firm’s Somerville office.
The Forans will continue leading the practice.
The team also includes Operations Manager Jennifer Roberto and Senior Relationship & Operations Manager Diane Zychlinski, who have been with the firm for nearly 25 years and 20 years, respectively.
Carson said the relationship with the Foran team dates back 17 years through its coaching business.
The firm said joining Carson Wealth will give Foran Financial Group access to additional planning capabilities, technology, operational support, and broader resources designed to help the practice continue growing.
The transaction also reflects Carson Wealth’s strategy of partnering with advisory firms seeking greater scale and support while maintaining existing client relationships and local leadership.
Carson Group currently manages more than $65 billion in assets and serves more than 60,000 client families across a network of more than 165 partner offices.
That network includes more than 50 Carson Wealth locations.
The company sees New Jersey as an attractive market for additional expansion and believes the Foran team has further growth potential through its next generation of leadership.
Turkey Hill served as exclusive M&A advisor to Foran Financial Group.
KEY QUOTES:
“Dan and John have built something that is increasingly rare in this industry, which is a true family business where clients bring in their children and grandchildren because they trust the people, not just the plan. Our relationship with the Foran team goes back 17 years through our coaching business, and we’ve had a front-row seat as they’ve grown by prioritizing education, service and genuine relationships. Now, as a Carson Wealth office, they gain the planning capabilities, technology and support to build on that foundation for generations to come.”
Burt White, CEO of Carson Group
“We started Foran Financial Group because we believed families deserved real advice, and that belief has shaped every client relationship since. As we considered what our clients and team need for the next chapter, Carson Group emerged as the right partner. The depth of talent, planning solutions and resources available to us would have taken years to build on our own. Now, we can bring those capabilities to our clients while staying focused on what we’ve always done best: helping families make thoughtful financial decisions.”
Dan Foran, Managing Partner and Wealth Advisor at Foran Financial Group
“I grew up watching my dad build relationships through honesty, integrity and a genuine desire to help people, and I’ve seen the impact those relationships can have over decades. Our clients have placed tremendous confidence in us to help steward their families’ financial lives. With Carson, we saw a firm that shares our commitment to putting clients first and gives us more ways to serve them as their needs become increasingly complex.”
John Foran, Managing Partner and Wealth Advisor at Foran Financial Group
“Foran Financial Group is a great example of what can happen when an advisor builds with the long term in mind. We’ve known this team for years through Carson Coaching and have watched them build an impressive business while preparing the next generation to lead. John is already producing and winning new business, demonstrating what successful G2 leadership can look like. With the opportunity we see in New Jersey and Carson’s additional capabilities behind the team, there is significant runway for continued growth.”
Michael Belluomini, Senior Vice President of Mergers & Acquisitions at Carson Group
