Wealthspire announced its Ground Control Business Management unit has acquired Los Angeles-based Ceres Financial Management, expanding its business management presence in Southern California and adding a firm that works with entertainers, entrepreneurs, and other high net worth clients.
Under the deal, Wealthspire will fold Ceres into Ground Control’s operations and brand. Ceres founder and leader Craig Shenkler will join Ground Control as a managing director, reporting to CEO Chris Bucci. Wealthspire described the transaction as its second major acquisition since it realigned as an integrated wealth management platform earlier in November.
Founded in 2008, Ceres provides business and wealth management services including accounting and estate planning. Wealthspire said the combination will broaden what Ground Control can deliver in Los Angeles by pairing Ceres’ client relationships with Wealthspire’s wider platform across areas such as risk, human capital, wealth, and retirement advisory.
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“Ceres is committed to efficient, effective service in meeting the complex needs of their clients, making their team an excellent cultural fit as Ground Control grows. We will build on their strong reputation and relationships as we expand our business management footprint in Los Angeles.”
Chris Bucci, Chief Executive Officer, Ground Control Business Management
“Our clients continue to face new considerations and challenges, so tapping into Wealthspire’s extensive expertise and capabilities across risk, human capital, wealth, and retirement will level up the service we can provide.”
Craig Shenkler, Managing Director (incoming), Ground Control Business Management
