Carson Wealth’s Strategic Investment in Aveo Capital

Carson Group Bolsters Colorado Presence with $608M Aveo Capital Acquisition

Englewood, CO – Carson Group, a rapidly expanding financial advisory network, has substantially enhanced its footprint in Colorado with a strategic acquisition. The firm announced today that it has acquired half of Englewood-based Aveo Capital, a transaction valued at $608 million, adding over $1.6 billion in assets under management to its impressive portfolio. This marks Carson Group’s 15th acquisition of the year, underscoring its aggressive growth strategy.

The deal sees the portion of Aveo Capital that joined Carson rebranding as a Carson Wealth location. The team, motivated by a desire to operate within a W2 model and leverage Carson’s advanced resources and technology, will continue to be led by managing partner keys Tinney and partners Brian Rorick and Michael Beerman. Founded in 2011, Aveo Capital specializes in retirement planning, financial planning, wealth management, and estate planning, catering to high-net-worth individuals, pre-retirees, retirees, charitable organizations, and businesses.

“As Aveo grew, we recognized that if we wanted to do more for our clients, we needed to transition into a more unified team-one that could enhance our services and solutions while maintaining the same level of strong, personal relationships we’ve built with each client,” stated Tinney. “Carson had everything we envisioned for Aveo already built, tested, and ready to implement. The scale, innovative technology, holistic tax planning services, and advanced investment capabilities will allow us to grow for generations to come.”

The other half of Aveo Capital has concurrently rebranded as Legacy Wealth Partners. established in 2009, Legacy Wealth Partners is steered by founding partners Alexander Cameron and Rex Emery. According to its latest Form ADV filed in April, the firm manages approximately $563 million in client assets across 2,001 accounts. Ownership also includes partners and private wealth advisors Melissa Wagner, who also serves as the firm’s director of planning and operations, and Andrew Feldman.

This acquisition further cements Carson Group’s commitment to expanding its national presence. The Omaha, NE-based firm, founded in 1983, currently oversees $42 billion in assets for over 54,000 families. In June, Carson Group also completed the full acquisition of a Maryland-based Carson Wealth office managing more than $300 million in assets, signaling a consistent drive for strategic growth and enhanced client service capabilities.

How does Carson Wealth’s investment in Aveo Capital align with their broader strategy of providing clients with diversified investment options?

Carson Wealth’s Strategic Investment in Aveo Capital: Expanding Financial horizons

Understanding the Partnership

Carson Wealth, a national Registered Investment Advisor (RIA) focused on wealth management and financial planning, recently announced a strategic investment in Aveo Capital, a private equity firm specializing in lower middle market investments. This move signals Carson Wealth’s commitment to expanding its alternative investment offerings and providing clients with access to possibly higher returns outside of customary stock and bond markets. The investment isn’t a full acquisition, but rather a important stake designed to foster collaboration and growth for both firms. This partnership aims to broaden carson’s investment solutions and cater to a growing demand for diversified portfolios.

Aveo Capital: A deep Dive into Their Expertise

Aveo Capital focuses on investing in established, privately held companies across various industries, including:

Business Services: Companies providing essential services to other businesses.

Healthcare Services: Investments in specialized healthcare providers and related businesses.

Consumer Products & Services: Targeting brands and companies with strong consumer loyalty.

Industrial Services: Supporting manufacturing and industrial processes.

their strategy centers around partnering with strong management teams to accelerate growth, improve operational efficiency, and create long-term value. Aveo’s expertise in sourcing, evaluating, and managing private equity investments is a key component of the appeal for Carson Wealth. They typically target companies with revenues between $10 million and $100 million,representing a segment frequently enough overlooked by larger private equity firms.

Benefits for Carson Wealth Clients

This investment unlocks several potential benefits for Carson Wealth’s client base:

Diversification: Access to private equity provides diversification beyond publicly traded markets, potentially reducing overall portfolio risk.

Potential for Higher Returns: Private equity historically has offered the potential for higher returns compared to traditional asset classes, although this comes with increased illiquidity and risk.

Access to Exclusive Opportunities: Carson Wealth clients may gain access to investment opportunities not readily available to the general public.

Enhanced Financial Planning: Integrating private equity into a comprehensive financial plan can help clients achieve their long-term financial goals.

Due Diligence & Expertise: Carson Wealth leverages Aveo Capital’s expertise in private equity due diligence and portfolio management.

The Growing Demand for Alternative Investments

the interest in alternative investments, including private equity, real estate, and hedge funds, has been steadily increasing among high-net-worth individuals and institutional investors. Several factors are driving this trend:

Low Interest Rate Surroundings: Historically low interest rates have pushed investors to seek higher yields elsewhere.

Market Volatility: Concerns about market volatility have led investors to explore asset classes with lower correlations to traditional markets.

Long-Term Investment Horizons: Many investors have long-term investment horizons and are willing to accept illiquidity in exchange for potentially higher returns.

Portfolio Diversification: The desire to diversify portfolios and reduce overall risk is a key driver of demand for alternative investments.

Carson Wealth’s Alternative Investment Strategy

Carson Wealth has been strategically building its alternative investment platform over the past several years. This investment in Aveo Capital is a significant step in that direction. Their approach emphasizes:

1. Rigorous Due Diligence: Thoroughly vetting potential investment opportunities and managers.
2. Access to Top-Tier Managers: Partnering with experienced and reputable alternative investment firms like Aveo Capital.
3. Client Suitability: Ensuring that alternative investments are appropriate for each client’s individual financial situation and risk tolerance.
4. Transparency & reporting: Providing clients with clear and concise reporting on their alternative investment holdings.
5. Illiquidity Considerations: Clearly communicating the illiquid nature of private equity investments and the potential for limited access to capital.

Impact on the Private Equity Landscape

Carson Wealth’s investment in Aveo Capital could have broader implications for the private equity industry. It demonstrates a growing trend of RIAs seeking to expand their alternative investment offerings and provide clients with access to this asset class. This increased demand could lead to:

Increased Competition: More RIAs entering the private equity space, potentially driving up valuations.

Greater Scrutiny: Increased regulatory scrutiny of alternative investments and the firms that offer them.

Innovation in Product Development: The development of new and innovative private equity products designed to meet the needs of individual investors.

Key considerations for Investors

Before investing in private equity, investors should carefully consider the following:

illiquidity: Private equity investments are typically illiquid and cannot be easily sold.

Risk: Private equity investments carry a higher level of risk than traditional investments.

Fees: Private equity investments typically have higher fees than traditional investments.

Minimum Investment Amounts: Private equity investments often require significant minimum investment amounts.

* time Horizon: Private equity investments are typically long-term investments, requiring a commitment of several years.