Carson Group Acquires Carson Wealth Chicago

In a separate transaction, the Carson Group added an advisory team based in Roseville, California.

Omaha, Nebraska-based Carson Group Holdings LLC will transition its Carson Wealth Chicago location to being wholly owned by the firm. The parent company had owned an undisclosed stake.

Under the leadership of Mark McCallum, managing partner and wealth adviser, Carson Wealth Chicago had increased its assets under management to more than $1 billion by the end of 2024 from $163 million in 2019.

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The Chicago office operates across five locations with more than 15 advisers. In announcing the transaction, McCallum described the ownership transition as a natural evolution for the firm.

“Our decision to evolve our partnership with Carson Group will allow us to streamline our operations and focus on delivering even greater value to clients while continuing our expansion in the region through acquisitions,” McCallum said in a statement.

Separately, the Carson Group announced a partnership with Roseville, California-based advisers Jerod Wurm and Casey Frye. Their advisory firm, managing $365 million in AUM , will rebrand as Carson Wealth.

“What excited us about Carson was the opportunity to work with a like-minded firm that shares our values, and one that empowers us to remain true to ourselves,” Frye said in a statement.

As part of the Carson Wealth network, the office located about 20 miles northeast of downtown Sacramento will provide clients access to an expanded range of resources, tools and technology.

Carson Group manages more than $40 billion in assets across more than 51,000 client families through its advisory network. The network now includes more than 150 partner offices and more than 50 Carson Wealth locations.

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