MAG Wealth Administration, a Paynesville, Minn.-based registered funding advisor and Carson Group companion, has acquired Ovation Wealth Advisors, an RIA in Minneapolis. Together with the deal, Carson Group has taken a 30% stake within the mixed agency, which is able to grow to be the primary Carson Wealth branded location within the state of Minnesota.
The blended firm can have $350 million in belongings below administration and eight staff members. Jeremy Willner based MAG Wealth Administration in 2003. The staff will preserve its three Minnesota places and will likely be led by Willner and his son, companion and wealth advisor Hayden Willner. The deal will permit Jeremy Willner to have a succession plan for the enterprise.
“Our journey with Carson Group, from teaching to partnership and now to fairness participation, demonstrates the facility of aligning with a nationwide model,” Jeremy Willner mentioned. “This partnership represents a pivotal second in our agency’s journey, providing a compelling path for us to beat development plateaus and safe our legacy. By aligning with Carson Group, not solely are we enhancing our capabilities but in addition solidifying our dedication to our purchasers by making certain a long-lasting legacy for our agency for years to come back.”
Based mostly in Omaha, Neb., Carson Group was based in 1983 by Ron Carson and serves monetary advisors and traders by means of its three companies—Carson Wealth, its retail wealth administration arm; Carson Companions, an RIA partnership platform; and Carson Teaching, an advisor teaching service. Carson Group at the moment manages $38 billion in belongings throughout all three, serving greater than 50,000 households by means of a community of greater than 150 companion places of work, together with greater than 50 Carson Wealth places.
In April, Carson stepped down from his position as chief govt to grow to be chairman of the board, with Burt White, managing companion and chief technique officer, taking on his place.
That very same month, Carson’s former CMO Mary Kate Gulick filed a lawsuit towards the agency, claiming it didn’t adequately reply to allegations a Carson worker had dedicated sexual assault and that Carson made the choice to maintain the worker on the firm.
