Sammons Financial Group Expands with Wealthcare Capital Management Acquisition in Major Strategic Move

Sammons Financial Group Expands with Wealthcare Acquisition

On June 3, 2025, Sammons Financial Group announced its commitment to grow within the financial advisory sector through the acquisition of Wealthcare LLC. This definitive agreement, which involves acquiring the esteemed Registered Investment Advisor (RIA) firm, showcases Sammons’ strategic vision for enhancing their portfolio and client offerings.

Wealthcare, headquartered in Richmond, Virginia, alongside its operations in Philadelphia, is an established name known for its full-service financial advisory capabilities. With nearly 200 independent advisors and over 12,000 clients nationwide, Wealthcare manages an impressive $8 billion in total assets. This acquisition not only adds significant resources to Sammons Financial Group but also reflects the firm’s ambitious growth plans.

The Vision Behind the Acquisition

Esfand Dinshaw, the CEO of Sammons Financial Group, expressed enthusiasm about the wealth of services that Wealthcare offers, emphasizing the potential growth opportunities this collaboration can bring. He stated, “We welcome the independent advisors and employees who are part of the Wealthcare team,” highlighting a vision of expanding the independent financial advisor segment both organizations operate in.

Wealthcare has also expressed gratitude toward NewSpring Holdings for their longstanding partnership, which has undeniably contributed to its growth trajectory. The transition to Sammons is seen as a positive shift aligning with both firms’ long-term visions. Matt Regan, the President and CEO of Wealthcare, described this acquisition as instrumental for Wealthcare to accelerate its growth strategy, spearheading it as a leading destination for independent financial advisors.

Aiming for Excellence in Client Experience

This merger marks a significant milestone for both Sammons and Wealthcare, underscoring their commitment to enhancing the client experience in the financial advisory ecosystem. By acquiring Wealthcare, Sammons aims to tap into Wealthcare's unique services, which allow advisors to scale effectively through integrated technology, custom portfolio strategies, and extensive operational support.

Within the financial services industry, Wealthcare is recognized as a leader. Notably, in 2024, Barron's included Wealthcare in its top 100 RIA firms list for the fifth consecutive year, while AdvisorHub identified it as one of the top 100 RIAs to watch. Such accolades amplify the credibility and expertise that Wealthcare brings to Sammons, promising a potent combination of capability and client-oriented service.

Details and Next Steps

Legal representation during this significant transaction included Berkshires Global Advisors and Gibson, Dunn & Crutcher LLP for Sammons Financial Group, while Wealthcare was represented by Republic Capital Group and Blank Rome LLP along with NewSpring Holdings. terms of the deal have not been disclosed, but the acquisition awaits customary regulatory approvals, indicating a methodical approach toward finalization.

Conclusion

As Sammons Financial Group gears up for this ambitious acquisition, the integration of Wealthcare’s capabilities will pave the way for a promising future in financial advisory services. The upcoming collaboration is not just about expanding their business; it is about setting industry standards in client relations, making this an exciting juncture for both firms and the clients they serve. With the growing landscape of financial services, Sammons and Wealthcare are positioned to foster innovation and excellence, ultimately transforming the financial experiences of countless clients across the United States.

For further updates and detailed insights on the acquisition, keep an eye on future announcements from both Sammons Financial Group and Wealthcare.