$1.76B Wells Fargo Advisors Team Joins Carson Group
Carson Group added Doyle and Loughman Wealth Management, a Hanover, N.H.-based practice serving approximately $1.76 billion in advisory and brokerage assets, from Wells Fargo Advisors Financial Network. The practice is Carson’s second Hanover location, the firm said.
Founded by managing partners and wealth advisers Brian Doyle and Stephen Loughman, the firm serves multigenerational families through what Carson described as proactive planning and personalized service, with a focus that includes women investors and clients navigating generational wealth transitions. The team also includes wealth advisers Bradley Michalchuk and Kristen Laundry, along with seven operations support staff.
“This new partnership gives us the ability to remain the firm our clients know and trust while significantly expanding the resources available to them,” Doyle said. “Carson brings the scale, planning capabilities, and long-term vision we were looking for in a partner. Just as importantly, they understand the importance of preserving our culture and putting clients first in every decision.”
Doyle and Loughman gains access to Carson’s platform, which the firm said includes advanced planning, investment management, tax and estate planning resources, private client services, marketing support, and operational infrastructure.
“We built this business around long-term relationships and personalized advice, and Carson’s platform will help us strengthen that foundation for the families we serve,” Loughman said. “Now we have the resources to grow thoughtfully while staying true to our values.”
“This relationship was built over many years, long before there was ever a transaction on the table,” said Michael Belluomini, senior vice president of mergers and acquisitions at Carson Group. “We recognized the strength of Steve, Brian and their team early on, stayed close and earned their trust by demonstrating the value of partnering with Carson. When they were ready for their next chapter, Carson was a natural fit.”
Chief executive officer Burt White said the firm has built “a true forever home for advisers” by combining planning capabilities, technology, and scale with what he described as respect for each practice’s identity.
The move continues a pattern of wirehouse and independent-network departures feeding Carson’s growth this year. In June, AltsWire reported that Jackson Wealth Management left Osaic for Carson Group in a $1.1 billion move, with the Lake Mary, Florida-based registered investment adviser becoming Carson’s 46th integrated office. AltsWire reported the firm managing more than $56 billion in March, when it acquired California RIA Applied Financial Planning in a $635 million deal.
Carson Group manages more than $60 billion in assets and serves more than 60,000 client families across its advisory network of more than 165 partner offices, including more than 50 Carson Wealth locations.
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