Friday 17 March 2023

Nebraska, US-based Carson Group, providing financial advisory services, has acquired Louisiana-based financial planning and wealth management firm The Shobe Financial Group, with over USD 500m in assets under management, the company said.

Terms of the transaction were not disclosed.

The Shobe Financial Group is working with Carson as a succession solution, as the firm was able to mitigate business risk while joining a platform that would accelerate its growth to increase enterprise value.

The Baton Rouge location will be the seventh wholly owned Carson Wealth office in the US
Carson Group currently manages USD21 bn in assets and serves more than 45,000 families through its advisory network of more than 460 advisors in 190+ offices located in 37 states.

Carson Group has created an ecosystem dedicated to helping financial advisors unleash the full potential of their firms by providing marketing, compliance, technology, investment strategies, succession planning, M&A support, and coaching.