Carson Group Expands Retirement Planning With Equity Stake in Northwest
The adviser network aims to ‘better compete’ for retirement plan business.
Carson Group Holdings LLC announced an equity partnership with Northwest Capital Management Inc., an advisory firm of 13 serving more than $5 billion in assets under management, including workplace retirement plan advisement and services.
“With more clients seeking holistic planning solutions, our partnership with NWCM is another part of the strategic puzzle that will allow us to better compete in the retirement planning space,” said Jamie Hopkins, managing partner of wealth solutions for Carson Group. “The team at NWCM has spent the last three decades building a tremendous business. We are excited to learn from them and continue to build on the value we can bring to the table.”
NWCM provides financial advisement, wealth management, estate planning and retirement planning for individuals and businesses.
NWCM will continue to be led by Brent Petty, managing director, partner and senior investment adviser, and Fred Payne Jr., a partner and senior investment adviser. Founded in 1998 in Portland, Oregon, the firm also has an office in Seattle.
“Our affiliation with Carson will allow us to expand our resources considerably, gaining a larger support staff for client service, financial planning, investment research, portfolio analysis, trading and investment monitoring,” said Petty in a statement. “This will enable our teams to better provide the guidance clients require to achieve their personal financial goals.”
In addition to the partnership with NWCM, Carson Group has built up its retirement plan offerings through recent strategic partnerships with Vestwell, BOK Financial Advisor Trust Services and online service Trust & Will, as well as several recent strategic hires, according to recent firm announcements.