Wealthspire Advisors to Purchase GM Advisory to Strengthen Footprint on East Coast.
MANews-(C)2009-2023
US-based independent registered investment adviser Wealthspire Advisors LLC, has agreed to acquire US-based RIA GM Advisory Group, Inc. (GMAG), serving clients across the US, the company said.
Terms of the transaction were not disclosed. The transaction is expected to close in the fourth quarter of 2023, subject to customary approvals and closing conditions.
Among its entities, Wealthspire has a national footprint with 21 locations across 12 states. With this acquisition, the firm will oversee approximately USD24.4 bn in assets and add 40+ professionals to its team.
Seahawk Advisory served as advisor, and Alston & Bird served as transaction legal counsel to GMAG. Davis+Gilbert LLP served as legal counsel to NFP and Wealthspire Advisors.
Wealthspire Advisors...
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