Carson Group Continues Expansion with Acquisition of Carson Wealth Chicago

Carson Group Expands Its Footprint with Carson Wealth Chicago Acquisition

In a significant strategic move signaling its ongoing commitment to growth and client service, Carson Group, a leading wealth advisory firm, has announced that its Carson Wealth Chicago location will now operate as a wholly owned entity under the Carson Group umbrella. This development, unveiled on January 23, 2025, reflects the firm’s robust post-pandemic growth and adaptability in the financial services industry.

Originally managing $163 million in assets, Carson Wealth Chicago has impressively expanded to over $1 billion under management by the end of 2024. Mark McCallum, managing partner and wealth advisor, attributes this remarkable growth to a multifaceted strategy focused on mergers and acquisitions (M&A), coupled with the comprehensive resources fueled by Carson Group's extensive support network.

A Focus on Growth Strategy and Client Service

Carson Group’s CEO, Burt White, emphasized that the acquisition is not just about numbers; it represents a commitment to maintaining the high-quality service that clients expect. “The Carson Wealth Chicago office shows how transformative strategies in leadership and customer relations can spur radical growth,” he remarked. The acquisition is aimed at enhancing the office’s operational capabilities, leading to better service delivery and further expansion in the competitive Chicago market.

McCallum echoed these sentiments, stating, “Transitioning to be wholly owned by Carson Group creates opportunities to streamline operations, allowing us to focus on providing exceptional value to our clients.” The plan is to leverage Carson Group’s expansive resources, which encompass over 150 partner offices and a portfolio of services designed to meet the diverse needs of investors.

Elevating Client Experiences

Leveraging a philosophy built around personalized service, Carson Group is determined to continue its rapid ascent. The firm manages an impressive portfolio of assets— surpassing $40 billion in total—and serves more than 51,000 client families. This breadth of service illustrates its position as a trusted advisor in the financial community.

To ensure the delivery of top-tier services, the leadership at Carson Group is committed to investing in training and development for its advisors, enabling them to better serve the evolving needs of their clientele. McCallum noted that the firm’s adaptability and innovation are pivotal for addressing the operational challenges that come with rapid growth, balancing client expectations with internal demands.

The move is seen as both a consolidation of resources and a further proclaiming of the Carson Group brand as a leader in wealth management. With the Chicago office integrated into its ownership structure, the firm aims to enhance its market position through strategic acquisitions, expanding its footprint while maintaining close-knit client relationships.

Looking Ahead: Future Opportunities

Moving forward, Carson Group has established clear goals for further growth and client engagement through strategic acquisitions in key markets. Recognizing the shifting dynamics of wealth management, the firm is poised to offer even greater value through technology, efficiency, and personalized financial strategies.

As the firm looks toward the future, it remains committed to its foundational values, prioritizing client service excellence amidst ongoing growth. The acquisition represents a pivotal step in New Chicago’s financial landscape, with Carson Group at the forefront, leading and redefining wealth advisory services for their clients.

This acquisition not only solidifies Carson Wealth Chicago’s future but also emphasizes Carson Group's vision of empowering financial advisors across the nation with unparalleled resources and support. With continuous dedication to improvement and client satisfaction, the firm is on track for a promising future in wealth management.